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514 Hudson Street

David Aviram And Ted Martell Of Maverick Real Estate Partners Acquire $5M Note From Flushing Bank
SOLDNote / Loan

David Aviram And Ted Martell Of Maverick Real Estate Partners Acquire $5M Note From Flushing Bank

514 Hudson Street

$5,000,000

Building Size

Asset Type

Note / Loan

Closing

May 26, 2025

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.

Players

David Aviram

Maverick Real Estate Partners

Buyer

$159.5M

vol

3 deals

Buyer

New York Note / Loan Market Snapshot

Boundary boundary · Note / Loan · Sale transactions

Loading comparables…

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