facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Loan

/

54 West 47th Street

Equitas Capital Group Arranges $9.7M Refinance Loan For Office Property On 54 W. 47th St
FINANCEDOffice

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

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].

Players

Alex Leykind

Equitas Capital Group

Broker

$478M

vol

75 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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