Sterling National Bank Provides $13.25M Loan For Mixed-Use Property At 958 Madison Avenue
FINANCED
$13,250,000
New York
See Similar DealsMixed-use2,375 SF
Financed 11/30/2020
FINANCED
Sterling National Bank Provides $13.25M Loan For Mixed-Use Property At 958 Madison Avenue
958 Madison Ave, New York, NY 10021, USA
See Similar DealsMixed-use2,375 SF
Financed 11/30/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$5,578
Total Square Footage:2,375 SF
Transaction Type:Loan
The mixed-use property located at 958 Madison Avenue in Lenox Hill has recently been involved in a closed transaction. The deal involved a loan amount of $13,250,000 provided by Sterling National Bank. The property is owned by the Soufer and Soleymani Family.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $13,250,000
- Address: 958 Madison Avenue
- Market: Lenox Hill
The lead broker in this deal was Marko Kazanjian, representing the buyer or seller. The secondary brokers involved were Max Herzog and Matt Collins. Brendan Collins worked as an analyst in this transaction.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,250,000.00
Monthly NOI$88,333.33
Monthly Debt Service$83,749.01
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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