StartCare Refinances East Harlem Office Building At 2191 Third Avenue With $6.3 Million Loan
2191 3rd Avenue
$6,300,000
$399/SF
Building Size
15,765 SF
Asset Type
Office
Closing
Aug 31, 2026
About this deal
AI
The asset involved in the transaction is an office building located at 2191 3rd Avenue in East Harlem, Manhattan. The property has a square footage of 15,765 and a building square footage of 41,060. The refinancing transaction was valued at $6,300,000.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $6,300,000
- Lender: TruFund Financial Services, Inc.
- Loan Type: Refinance
- Previous Lender: Webster Bank
- Company Involved: StartCare through Start Properties LLC
The deal involved StartCare, which refinanced the aforementioned office building, effectively replacing its existing debt with a loan from TruFund Financial Services, Inc. The transaction contributes to the financial restructuring of the property with a significant loan amount directed towards the refinancing process.
On the Map
$6,300,000
$399/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93