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
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