Abp Capital Refinances Retail Property In New York City For $27.7M
106 Spring Street
$27,700,000
$4,666/SF
Building Size
5,936 SF
Asset Type
Retail
Closing
Dec 14, 2022
AI
The retail property located at 106 Spring Street in New York City has undergone a refinancing transaction. The property spans 5,936 square feet and is owned by Paceline Equity Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $27,700,000
- Loan Type: Refinance
The loan for this transaction was provided by Abp Capital. Newmark brokers, Jordan Roeschlaub, Dustin Stolly, Nick Scribani, and Daniel Fromm, represented the parties involved in the deal.
Players
New York City Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93