Gallaso Dean Secures $3,000,000 Refinance Loan From HAB Bank For Mixed-Use Property In Chinatown
92 East Broadway
$3,000,000
$400/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Oct 2, 2026
About this deal
AI
The transaction involves a mixed-use building located at 92 East Broadway in the Chinatown market, encompassing a total square footage of 7,500. The property features 8 residential units in addition to retail space, contributing to its mixed-use classification.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,000,000
- Lender: HAB Bank
- Borrower: Gallaso Dean
- Loan Originator: John Lagoudis - Aegean Commercial Capital
- Loan Type: Refinance
- Loan Terms: 6.5% interest Only Credit Line
Key individuals involved in this transaction include John Lagoudis, who represents Aegean Commercial Capital in the loan origination, facilitating the arrangement of a commercial credit line for the borrower, Gallaso Dean.
On the Map
$3,000,000
$400/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93