Filler Capital Arranges $7.5M Construction Loan For Mixed-Use Property At 321-323 East 58th Street
FINANCED
$7,500,000
+ 1
New York
See Similar DealsMultiFamily13,454 SF
Financed 10/18/2024
FINANCED
Filler Capital Arranges $7.5M Construction Loan For Mixed-Use Property At 321-323 East 58th Street
321 East 58th Street
See Similar DealsMultiFamily13,454 SF
Financed 10/18/2024
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:13,454 SF
Transaction Type:Loan
A mixed-use property located at 321-323 East 58th Street in New York features 14 residential units and 2 commercial spaces, totaling 13,454 square feet. The property is positioned in a strategic market, catering to both residential and commercial tenants.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,500,000
- Loan Type: Construction
- Lender: Castellan Real Estate Partners
- Lender's Representative: Paul Salib
- Landlord: Andrew Impagliazzo
- Brokers: Isaac Filler, Yossi Koschitzki, Michael Neumann, and Steven Edelstein
- Brokers' Agency: Filler Capital
Filler Capital LLC played a key role in arranging the construction loan for the subject property, ensuring the necessary financing to support the project's development. The involvement of Castellan Real Estate Partners highlights the collaboration between lenders and the brokerage in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$7,500,000.00
Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions