Mission Capital Brokers Secure $8.2M Loan For Office Property At 34 W. 28th St In NoMad
34 W 28th St, New York, NY 10001, USA
$8,200,000
$33/SF
Building Size
244,550 SF
Asset Type
Office
Closing
Jan 21, 2020
About this deal
AI
Located at 34 W. 28th St in the NoMad neighborhood, this office property has recently undergone a closed transaction. The property spans a total of 24,455 square feet and was involved in a deal that took place on January 22, 2020.
Summary of transaction details
- Property Type: Office
- Loan Amount: $8,200,000
- Lender: Ready Capital
- Landlord: Soma Group – Kassem Abadi
- Brokers: Raymond Salameh, Alex Draganiuk, Daniel Azizi – Mission Capital
The property was financed by Ready Capital with a loan amount of $8,200,000. The landlord of the property is the Soma Group, represented by Kassem Abadi. The deal was facilitated by brokers Raymond Salameh, Alex Draganiuk, and Daniel Azizi, who work for Mission Capital.
On the Map
$8,200,000
$33/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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93