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28 Saint Marks Place

Meridian Capital Group Arranges $23.5M Refinance Loan For Mixed-Use Property On St Marks Place, New York
FINANCEDRetail

Meridian Capital Group Arranges $23.5M Refinance Loan For Mixed-Use Property On St Marks Place, New York

28 Saint Marks Place

$23,500,000

$47,000/SF

Building Size

500 SF

Asset Type

Retail

Closing

Nov 7, 2022

AI

The property at 28-34 St Marks Place in New York has undergone a refinancing deal. The loan amount for this transaction was $23,500,000. The property is a mixed-use asset, combining commercial and residential spaces.

Summary of transation details

  • Property Type: Mixed-Use
  • Transaction Amount: $23,500,000
  • Address: 28-34 St Marks Place, New York
  • Market: New York

The deal was facilitated by the Meridian Capital Group, with Simon Rosenfeld and Bryan Grimm representing the parties involved in the transaction. Their expertise and experience contributed to the successful refinancing of the property at 28-34 St Marks Place. Note: No additional details were provided regarding the loan type or any other individuals or companies involved in the deal.

Players

Bryan Grimm

Meridian Capital Group

Broker

$160.9M

vol

3 deals

Broker

New York 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

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93