Alan Maleh Secures $12.5M Construction Loan From Genesis LLC For 30,000 SF Office Building In Manhattan
14 Vesey Street
$12,500,000
$416/SF
Building Size
30,000 SF
Asset Type
Office
Closing
Sep 3, 2026
About this deal
AI
The asset involved in the transaction is an office property located at 14 Vesey Street in Manhattan's Financial District. This building has a square footage of 30,000 and a buildable square footage of 75,830.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,500,000
- Lender: Genesis LLC
- Landlord: Alan Maleh
- Loan Type: Construction
Alan Maleh, through 14 Vesey Prop Co LLC, arranged the construction loan from Genesis LLC to facilitate renovation work on the office building at the specified address.
On the Map
$12,500,000
$416/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93