Castellan Capital Provides $3.6M Loan For Office Property In Chinatown
FINANCED
$3,643,301
New York
See Similar DealsOffice23,831 SF
Financed 05/27/2020
FINANCED
Castellan Capital Provides $3.6M Loan For Office Property In Chinatown
89 Bowery, Manhattan, New York, NY, USA
See Similar DealsOffice23,831 SF
Financed 05/27/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$152
Total Square Footage:23,831 SF
Transaction Type:Loan
An office property located at 89 Bowery in Chinatown, with a total area of 23,831 square feet, was involved in a recent closed transaction. The transaction took place on 05/27/2021 and was captured by Joe Hach in an image posted on Instagram.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,643,301
- Address: 89 Bowery
- Market: Chinatown
- Lender: Castellan Capital
- Landlord: Steve Cheung
- Broker: Leviathan Capital - Joe Hach
The property at 89 Bowery was financed through a loan provided by Castellan Capital for an amount of $3,643,301. The landlord of the property is Steve Cheung, and the broker representing the transaction is Joe Hach from Leviathan Capital.
Players
BROKERAGE
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,643,301.00
Monthly NOI$24,288.67
Monthly Debt Service$23,028.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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