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Ryan Lewis Of ERG Commercial Real Estate Secures $3M Refinance For Mixed-Use Asset In Alphabet City
FINANCED
$3,000,000
New York
See Similar DealsMixed-use5,443 SF
Financed 07/15/2025
FINANCED
Ryan Lewis Of ERG Commercial Real Estate Secures $3M Refinance For Mixed-Use Asset In Alphabet City
79 Avenue A
See Similar DealsMixed-use5,443 SF
Financed 07/15/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$551
Total Square Footage:5,443 SF
Transaction Type:Loan
The property involved in the transaction is located at 79 Avenue A in Alphabet City, featuring a mixed-use asset that spans 5,443 square feet. The loan secured for this property amounts to $3,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Address: 79 Avenue A
- Market: Alphabet City
- Broker: Ryan Lewis - ERG Commercial Real Estate
- Asset Details: Six apartments and two long-term retail tenants
Ryan Lewis from ERG Commercial Real Estate played a significant role in securing the refinancing for the property at 79 Avenue A, facilitating the financial aspects of the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,000,000.00
Monthly NOI$20,000.00
Monthly Debt Service$18,962.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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