Emerald Creek Capital Provides $5.3M Loan For Midtown Manhattan Property
323 E 52nd St, New York, NY 10022, USA
$5,300,000
$660/SF
Building Size
8,028 SF
Asset Type
Other
Closing
Jun 30, 2019
About this deal
AI
A loan of $5,300,000 was secured for the property located at 323 52nd Street in Midtown Manhattan. The loan terms were 18 months interest only. The property spans over 8,028 square feet.
Summary of transaction details
- Property Type: N/A
- Transaction Amount: $5,300,000
- Address: 323 52nd Street
- Market: Midtown Manhattan
- Lender: Emerald Creek Capital
- Landlord: Jean Luc Teinturier
- Broker: @cornerstone_capital
The loan was secured from Emerald Creek Capital. Jean Luc Teinturier is the landlord of the property. The transaction was facilitated by the broker, @cornerstone_capital.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93