Equitas Capital Group Arranges $2.5M Acquisition Loan For 116 Central Park South Office
116 Central Park South, New York City, New York 10019, United States
$2,500,000
$1,245/SF
Building Size
2,008 SF
Asset Type
Office
Closing
Oct 26, 2022
About this deal
AI
Equitas Capital Group has facilitated a loan of $2,500,000 for the acquisition of an office property located at 116 Central Park South, Unit #3 in New York. The property spans 2,008 square feet and was financed with a loan that offers favorable terms.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,500,000
- Loan Type: Acquisition
- Loan Terms: 100% LTV, Rate: 5.6%, Term: 10 years fixed, Amortization: 25 years, Pre-pay: Step-down
Alex Leykind and Zarina Bazakova from Equitas Capital Group served as the brokers in this transaction. Equitas Capital Group is a premier boutique brokerage known for securing loans with the lowest rates and best terms. They are dedicated to helping clients with their commercial financing needs.
On the Map
$2,500,000
$1,245/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93