Updated Dec 4, 2024
Tavros Capital's West Chelsea Mixed-Use Property Refinanced For $22M By Webster Bank
537 West 27th Street
$22,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 15, 2024
About this deal
AI
The mixed-use property located at 537 West 27th Street in West Chelsea, Manhattan was involved in a loan transaction. The loan amount for the refinance was $22,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $22,000,000
- Address: 537 West 27th Street
- Market: West Chelsea, Manhattan
- Lender: Adam Brenner - Webster Bank
- Landlord: Kamran Hakim, Nicholas Silvers & Sam Sparks - Tavros Capital
- Brokers: Jonathan Aghravi & Evan Srebrenik - JBA Equities
- Loan Type: Refinance
The loan transaction was facilitated by the lender, Adam Brenner from Webster Bank, and the landlords, Kamran Hakim, Nicholas Silvers, and Sam Sparks from Tavros Capital. The brokers, Jonathan Aghravi and Evan Srebrenik from JBA Equities, played a key role in the deal.
On the Map
$22,000,000
MultiFamily
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Players
New York 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93