Alfonso Kimche's 18 West 27th Street LLC Secures $5M Loan From Apple Bank For Office Building In NoMad, Manhattan
18 West 27th Street New York, New York 10001, Usa
$5,000,000
$166/SF
Building Size
30,069 SF
Asset Type
Office
Closing
May 11, 2023
About this deal
AI
Alfonso Kimche, operating through 18 West 27th Street LLC, secured an initial loan of $5 million from Apple Bank for Savings for the office building located at 18 West 27th Street in NoMad, Manhattan. The property is an office space with approximately 30,069 square feet of space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- Market: NoMad, Manhattan
- Address: 18 West 27th Street
Apple Bank for Savings acted as the lender for the loan transaction. Alfonso Kimche, through 18 West 27th Street LLC, serves as the landlord for the property.
Players
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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