Derby Copeland Capital Provides $11.65M Bridge Loan For Mixed-use Property In Upper East Side
FINANCED
$11,500,000
New York
See Similar DealsMixed-use12,048 SF
Financed 10/17/2025
FINANCED
Derby Copeland Capital Provides $11.65M Bridge Loan For Mixed-use Property In Upper East Side
832 Sixth Avenue & 1299 1st Avenue
See Similar DealsMixed-use12,048 SF
Financed 10/17/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$954
Total Square Footage:12,048 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,500,000.00
Monthly NOI$76,666.67
Monthly Debt Service$72,687.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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