FINANCED
KSR Refinances Retail Condo In Chelsea, Manhattan For $1.5M
158 West 23rd Street
Retail
2,000 SF
2,000 SF
Financed 86 days ago
Summary
Loan
NEW YORK
Retail
2,000 sqft
The retail property located at 158 West 23rd Street in Chelsea, Manhattan has been the subject of a refinancing transaction. The property, which spans 2,000 square feet, is owned by KSR. The loan amount for this refinance is $1,500,000. The terms of the loan are set at 5/25 with an interest rate of 275 basis points plus the 5-year U.S. Treasury (UST) yield.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,500,000
- Address: 158 West 23rd Street
- Market: Chelsea, Manhattan
- Square Footage: 2,000 SF
- Landlord: KSR
Morris Dweck from KSR served as the broker in this transaction. The refinance was made possible through a local balance sheet lender, which provided a competitive interest rate. It is worth noting that the retail condo is currently occupied by a licensed Cannabis tenant. For inquiries regarding Cannabis or traditional financing, interested parties can reach out to Morris Dweck at [email protected].
Players
All
2
Agents
1
Agencies
1
Details
FINANCED
IMAGE: Morris Dweck
DATE: 01/31/2024
ADDRESS: 158 West 23rd Street
MARKET: Chelsea, Manhattan
ASSET TYPE: Retail ~ SF: 2,000
LANDLORD: KSR
BROKER: Morris Dweck (@Morris__Dweck) - KSR (@Kassin_Sabbagh_Realty)
LOAN AMOUNT: $1,500,000
LOAN TYPE: Refinance
LOAN TERMS: 5/25 | 275 bps + 5-year UST
NOTE FROM BROKER: The retail condo is occupied by a licensed Cannabis tenant.
We were able to refinance with a local balance sheet lender featuring a competitive spead.
Please reach out to [email protected] (@morris__dweck) for any Cannabis or traditional financing inquiries.View on map
Loading...
Address158 West 23rd Street
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want