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
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