F2H Capital Group Provides $8.8M Refinance Loan For Mixed-Use Property In New York City
140 Mulberry Street
$8,800,000
$888/SF
Building Size
9,900 SF
Asset Type
MultiFamily
Closing
Apr 4, 2023
AI
The property involved in this closed transaction is a mixed-use asset located at 140 Mulberry Street in New York City. It spans across 1,100 square feet, making it a versatile space for both residential and commercial purposes.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: Refinance loan of $8,800,000
- Address: 140 Mulberry Street, New York City
- Market: New York City
The landlord of this property is Kings Capital, represented by George Giannopoulos, Tommy Giannopoulos, and Jeffrey Znaty. The brokerage team involved in this transaction is F2H Capital Group, with Farkhad Hasanov and Farrukh Hasanov serving as the brokers.
As a debt advisory firm, F2H Capital Group specializes in assisting real estate investors looking to acquire, refinance, or recapitalize commercial properties. For complex deals requiring creative financing solutions, interested investors can reach out to Farrukh Hasanov at 917-679-7995 or [email protected], as well as Farkhad Hasanov at 917-679-8680 or [email protected].
Players
Buffalo MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93