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Cathay Bank Provides $1.8M Refinance Loan For Mixed-Use Property At 94 University Place NYC

Property Image
FINANCED
$1,800,000

New York

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Mixed-use4,348 SF
Financed 06/02/2023
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Property Image
FINANCED

Cathay Bank Provides $1.8M Refinance Loan For Mixed-Use Property At 94 University Place NYC

94 University Pl New York, NY 10003, USA

See Similar Deals
Mixed-use4,348 SF
Financed 06/02/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$414
Total Square Footage:4,348 SF
Transaction Type:Loan

The property involved in this transaction is a mixed-use asset located at 94 University Place in New York City. The property has a total square footage of 4,348. The deal involves a refinance loan provided by Cathay Bank in the amount of $1,800,000. The property is owned by Mary Trojanowski and Tricia Pieto. The broker representing this transaction is Isaac Blyakher from Rosewood Realty Group.

Summary of transaction details

  • Property Type: Mixed-Use
  • Transaction Amount: $1,800,000
  • Loan Type: Refinance
  • Address: 94 University Place, New York City
  • Market: New York City
  • Square Footage: 4,348
  • Lender: Cathay Bank
  • Landlord: Mary Trojanowski & Tricia Pieto
  • Broker: Isaac Blyakher - Rosewood Realty Group

Isaac Blyakher from Rosewood Realty Group played a key role in representing the parties involved in this transaction. The refinance loan provided by Cathay Bank enables the owners, Mary Trojanowski and Tricia Pieto, to leverage the value of their mixed-use property located at 94 University Place in New York City.

Players

Isaac Blyakher
Blyakher Real Estate
Isaac Blyakher
18 deals$68.5M volume(212) 904-0775
BROKER
Refined
Refined
BROKERAGE
Cathay Bank
Cathay Bank
LENDER

Details

FINANCED
IMAGE: Isaac Blyakher DATE: 06/02/2023 ADDRESS: 94 University Place MARKET: New York City ASSET TYPE: Mixed-Use ~ SF: 4,348 LENDER: Cathay Bank LANDLORD: Mary Trojanowski & Tricia Pieto BROKER: Isaac Blyakher - Rosewood Realty Group (@RosewoodRG) LOAN AMOUNT: $1,800,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,800,000.00

Monthly NOI$12,000.00
Monthly Debt Service$11,377.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00