Derby Copeland Capital Provides $11.65M Bridge Loan For Mixed-use Property In Upper East Side
832 Sixth Avenue & 1299 1st Avenue
$11,500,000
$954/SF
Building Size
4,988 SF
Asset Type
Mixed-use
Closing
Oct 16, 2025
About this deal
AI
The mixed-use property is located at 832 Sixth Avenue & 1299 1st Avenue in the Upper East Side market, encompassing a total square footage of 12,048. The loan amount secured for this property is $11,650,000, categorized as a bridge loan.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $11,650,000
- Loan Type: Bridge
- Lender: Derby Copeland Capital
- Landlord's Representative: Jonathan Aghravi & Noam Katz - JBA Equities
- Date of Transaction: 10/17/2025
This transaction involves the landlord's representatives, Jonathan Aghravi and Noam Katz, who are affiliated with JBA Equities. Their role in this deal highlights their expertise in managing properties within the Upper East Side market.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93