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140 Mulberry Street

F2H Capital Group Provides $8.8M Refinance Loan For Mixed-Use Property In New York City
FINANCEDMultiFamily

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

Farrukh Hasanov

F2H Capital Group

Broker

$180.6M

vol

20 deals

Broker
Kassin Sabbagh Realty
Kassin Sabbagh RealtyBrokerage
Jeffrey Znaty

Jeffrey Znaty

Kings Capital

Landlord

$118.3M

vol

20 deals

Landlord

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