Hirshmark Capital Refinances Mixed-Use Property On Upper West Side For $2.5M
973 Amsterdam Avenue, New York City, New York 10025, United States
$2,500,000
$250/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Feb 8, 2022
About this deal
AI
Located at 973 Amsterdam Avenue in the Upper West Side of Manhattan, this mixed-use property spans approximately 10,000 square feet. The asset is a prime investment opportunity in a desirable neighborhood.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,500,000
- Loan Type: Refinance Loan
Hirshmark Capital provided a $2,500,000 refinance loan for the property located on 973 Amsterdam Avenue. The landlord, Jose Olivares, was involved in the transaction. Additionally, Jake Soodek represented Hirshmark Capital as the broker in this deal.
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93