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Jay Domb's Empire Hotel Group Secures $6.5M Refinance Loan From Dime Community Bank In Midtown West
FINANCED
$6,500,000
New York
See Similar DealsRetail12,250 SF
Financed 06/12/2025
FINANCED
Jay Domb's Empire Hotel Group Secures $6.5M Refinance Loan From Dime Community Bank In Midtown West
1409 6th Avenue
See Similar DealsRetail12,250 SF
Financed 06/12/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$530
Total Square Footage:12,250 SF
Transaction Type:Loan
The retail property located at 1409 6th Avenue in Midtown West, Manhattan, encompasses a building size of 25,300 BSF and 12,250 SF. A refinancing loan of $6,500,000 has been secured for this asset.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Lender: Dime Community Bank
- Landlord: Jay Domb - Empire Hotel Group
- Loan Type: Refinance
Jay Domb's Empire Hotel Group is noted as the landlord involved in securing the refinancing loan from Dime Community Bank for the property at the specified address.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,500,000.00
Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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