David Aviram And Ted Martell Of Maverick Real Estate Partners Acquire $5M Note From Flushing Bank
514 Hudson Street
$5,000,000
Units
15
Asset Type
Note / Loan
Closing
May 26, 2025
About this deal
AI
The asset involved in this transaction is a note/loan connected to Dror Levy’s 15-unit walkup located at 514 Hudson Street, West Village, Manhattan. The note was acquired for a total of $5,000,000 from Flushing Bank.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $5,000,000
- Buyer: David Aviram & Ted Martell - Maverick Real Estate Partners
- Seller: Flushing Bank
- Date of Transaction: 05/26/2025
- Address: 514 Hudson Street
- Market: West Village, Manhattan
The deal was facilitated by Hudson Mixed Use LLC, which represented Maverick Real Estate Partners in the acquisition of the note from Flushing Bank.
On the Map
$5,000,000
Note / Loan
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Players
New York Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93