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
About this deal
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.
The retail loan at 106 Spring Street in New York City, New York financed for $27.7M in 2022. The building is 5,936 square feet, implying about 4.7K per square foot on the published price. Dustin Stolly, Daniel Fromm, Jordan (Jordy) Roeschlaub, Nick Scribani appear on the loan alongside Newmark. This page is the New York City, New York file for the 106 Spring Street retail financed: pricing, party profiles, and other closed retail comps from the same New York City sit in the Market section below. Filter that New York City retail set by closing date to see what else financed near 106 Spring Street around 2022. Published consideration for 106 Spring Street is $27.7M, dated 2022. Cite this Abp Capital Refinances Retail Property In New York City For $27.7M loan when underwriting similar retail product around New York City, New York.
On the Map
$27,700,000
$4,666/SF
Retail
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Players
New York City Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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