Emerald Creek Capital Provides $3.5M Acquisition Loan For Office In Midtown East
250 East 49th Street
$3,500,000
$359/SF
Building Size
9,729 SF
Asset Type
Office
Closing
Aug 11, 2022
About this deal
AI
The office property located at 250 E. 49th St. in Midtown East has recently undergone a loan transaction. The property spans a total of 9,729 square feet and is classified as an office asset. The transaction took place on August 11, 2022.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $3,500,000
- Lender: Emerald Creek Capital
- Broker: Charlie Rimkus (Capstone Companies)
- Loan Type: Acquisition
Emerald Creek Capital provided a loan of $3,500,000 for the acquisition of the office property at 250 E. 49th St. Charlie Rimkus from Capstone Companies acted as the broker in this transaction.
On the Map
$3,500,000
$359/SF
Office
View full map
Players
Hialeah Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Capstone Companies to view all their deals.
Browse Hialeah office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93