Equitas Capital Group Arranges $9.7M Refinance Loan For Office Property On 54 W. 47th St
54 West 47th Street
$9,700,000
$692/SF
Building Size
14,000 SF
Asset Type
Office
Closing
Aug 17, 2022
About this deal
AI
The office property located at 54 W. 47th St. in Manhattan has been involved in a recent loan transaction. The property spans 14,000 square feet and was subject to a refinancing arrangement.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,700,000
- Loan Type: Refinance
- Loan Terms: Term - 10 years fixed; Full term interest only; Non Recourse; Assumable
The loan transaction was facilitated by Alex Leykind and Zarina Bazakova from Equitas Capital Group, who represent the buyer in the deal. Equitas Capital Group specializes in customizing financing solutions for commercial real estate, taking into account the unique needs and challenges of their clients. They approach each loan from an individual perspective, ensuring a tailored approach to financing commercial properties. To learn more about how Equitas Capital Group can assist with your commercial property financing needs, contact them at 646-637-7510 or [email protected].
On the Map
$9,700,000
$692/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93