FINANCEDMixed-use
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
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.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93