Sheridan Capital Provides $10M Acquisition Loan For Mixed-Use Property In New York
992 1000 Amsterdam ave
$10,000,000
$219/SF
Building Size
45,576 SF
Asset Type
Mixed-use
Closing
Dec 21, 2022
About this deal
AI
A mixed-use property in New York has been acquired through a $10,000,000 loan. The property spans across 45,576 square feet and is located in the market of New York.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $10,000,000
- Market: New York
- Square Footage: 45,576
The loan was provided by Sheridan Capital, with Joe Fishman representing the lender. Polaris Funding's Nate Hyman acted as the broker in the deal.
The mixed use loan at 992 1000 Amsterdam ave in New York, New York financed for $10M in 2022. The building is 45,576 square feet, implying about 219 per square foot on the published price. Nate Hyman, Joe Fishman, Sheridan Capital appear on the loan alongside Sheridan Capital. This page is the New York, New York file for the 992 1000 Amsterdam ave mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 992 1000 Amsterdam ave around 2022. Published consideration for 992 1000 Amsterdam ave is $10M, dated 2022. Cite this Sheridan Capital Provides $10M Acquisition Loan For Mixed-Use Property In New York loan when underwriting similar mixed use product around New York, New York.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Nate Hyman to view all their deals.
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93