Steve Cheung Secures $6.75M Loan For Office Building In Chinatown, Bowery
FINANCED
$6,750,000
New York
See Similar DealsOffice3,150 SF
Financed 07/29/2020
FINANCED
Steve Cheung Secures $6.75M Loan For Office Building In Chinatown, Bowery
89 Bowery, New York, NY, USA
See Similar DealsOffice3,150 SF
Financed 07/29/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$2,142
Total Square Footage:3,150 SF
Transaction Type:Loan
Located in Chinatown, the office property at 89 Bowery has recently undergone a transaction. The deal, which closed on July 29, 2021, involved a loan amount of $6,750,000. The property is owned by Steve Cheung.
Summary of transation details
- Property Type: Office
- Transaction Amount: $6,750,000
- Address: 89 Bowery
- Market: Chinatown
The loan for this transaction was provided by Maxim Capital Group, with Josh Greene and Adam Glick representing the company. The broker handling the deal was Joe Hach from eviathanCapital.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,750,000.00
Monthly NOI$45,000.00
Monthly Debt Service$42,664.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions