Fort Amsterdam Capital Provides $25.5M Bridge Loan For Mixed-Use Property In SoHo & Water Mill, NY
$25,500,000
$680/SF
Building Size
37,500 SF
Asset Type
Mixed-use
Closing
May 26, 2023
About this deal
AI
Fort Amsterdam Capital has provided a $25,500,000 bridge loan for the mixed-use property located in SoHo & Water Mill, NY. The property has a total square footage of 37,500 and is comprised of both residential and commercial spaces.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $25,500,000
- Market: SoHo & Water Mill, NY
- Square Footage: 37,500
Evan O'Connor and David Schwartz were involved in the transaction as key individuals. They represented the parties as brokers in the deal.
Players
Market 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93