facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

67 Greene Street New York, ...

Updated Nov 17, 2023

George Makkos Secures $21.5M Refinancing Loan For SoHo Mixed-Use Properties
FINANCEDMixed-use

George Makkos Secures $21.5M Refinancing Loan For SoHo Mixed-Use Properties

67 Greene Street New York, New York 10012, USA

$21,500,000

$1,008/SF

Building Size

21,321 SF

Asset Type

Mixed-use

Closing

May 25, 2023

About this deal

AI

George Makkos secured a $21.5 million refinancing loan from T30 Capital, facilitated by Forthill Makkos Holders, LLC. The loan covers two mixed-use properties in SoHo, Manhattan, including a four-unit building at 67 Greene Street and a three-unit building at 65 Greene Street. The total building square footage is 21,321, with a buildable square footage of 25,650.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $21,500,000
  • BSF: 25,650
  • SF: 21,321
  • Address: 67 Greene Street & 65 Greene Street, SoHo, Manhattan
  • Lender: T30 Capital - David Schwartz
  • Landlord: George Makkos
  • Loan Type: Refinance

David Schwartz, representing T30 Capital, facilitated the $21.5 million refinancing loan for George Makkos. The loan covers two mixed-use properties in SoHo, Manhattan, specifically a four-unit building at 67 Greene Street and a three-unit building at 65 Greene Street.

Players

T30 Capital
T30 CapitalLender

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Deal FAQ

About $1K per square foot on a published $21.5M for 21,321 square feet (2023).

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets