Castellan Capital Provides $13M Bridge Loan For 15,290 SF New York City Townhome
172 Duane St New York, NY 10013, USA
$13,000,000
$850/SF
Building Size
15,290 SF
Asset Type
Other
Closing
Jul 17, 2023
About this deal
AI
A bridge loan in the amount of $13,000,000 has been provided by Castellan Capital for the purchase of a townhome located at 172 Duane Street in New York City. The townhome has a total square footage of 15,290.
Summary of transaction details
- Property Type: Townhome
- Transaction Amount: $13,000,000
- Address: 172 Duane Street, New York City
- Market: New York City
- Lender: Castellan Capital
- Broker: Max Ralby - HKS Real Estate Advisors
- Loan Type: Bridge
Max Ralby from HKS Real Estate Advisors represented the buyer in this transaction. The bridge loan provided by Castellan Capital allowed for the acquisition of the townhome at 172 Duane Street.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93