Mission Capital Brokers Secure $8.2M Loan For Office Property At 34 W. 28th St In NoMad
FINANCED
$8,200,000
New York
See Similar DealsOffice244,550 SF
Financed 01/22/2020
FINANCED
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
See Similar DealsOffice244,550 SF
Financed 01/22/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$33
Total Square Footage:244,550 SF
Transaction Type:Loan
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.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,200,000.00
Monthly NOI$54,666.67
Monthly Debt Service$51,829.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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