Deepdale Funding Provides $5.5M First Mortgage Bridge Loan For Mixed-Use Property In Chelsea, NY
FINANCED
$5,500,000
New York
See Similar DealsMixed-use6,272 SF
Financed 09/30/2021
FINANCED
Deepdale Funding Provides $5.5M First Mortgage Bridge Loan For Mixed-Use Property In Chelsea, NY
725 Avenue of the Americas, New York, NY 10010, USA
See Similar DealsMixed-use6,272 SF
Financed 09/30/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$876
Total Square Footage:6,272 SF
Transaction Type:Loan
725 Avenue Of The Americas, located in Chelsea, has recently undergone a closed transaction. This mixed-use property spans across 6,272 square feet and consists of 7 units. The asset, known for its prime location, was part of a closed deal with a loan.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $5,500,000
- Lender: Deepdale Funding - Jeremy Markowitz
- Landlord: Simon Abeckaser
- Broker: Lenny Sporn - SNRE Group
The loan, a first mortgage bridge loan, was provided by Deepdale Funding, with Jeremy Markowitz representing the lender. Simon Abeckaser acted as the landlord in this transaction. The deal was facilitated by Lenny Sporn of SNRE Group, who represented the parties involved.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,500,000.00
Monthly NOI$36,666.67
Monthly Debt Service$34,763.74
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions