Leviathan Capital Arranges $2.14M Refinance Loan For Retail Property In Middle Village
60 Metropolitan Avenue
$2,140,000
$72/SF
Building Size
29,600 SF
Asset Type
Retail
Closing
Nov 1, 2022
About this deal
AI
A retail property located at 72-52 & 72-60 Metropolitan Avenue in Middle Village has undergone a loan refinance transaction. The property spans approximately 29,600 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,140,000.00
- Address: 72-52 & 72-60 Metropolitan Avenue
- Market: Middle Village
The landlord associated with the property is David Steinberg. Ziv Cohen from Leviathan Capital served as the broker representing the involved parties.
The retail loan at 60 Metropolitan Avenue in New York, New York financed for $2.1M in 2022. The building is 29,600 square feet, implying about 72 per square foot on the published price. Ziv Cohen, David Steinberg, Refined appear on the loan alongside Refined. This page is the New York, New York file for the 60 Metropolitan Avenue retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 60 Metropolitan Avenue around 2022. Published consideration for 60 Metropolitan Avenue is $2.1M, dated 2022. Cite this Leviathan Capital Arranges $2.14M Refinance Loan For Retail Property In Middle Village loan when underwriting similar retail product around New York, New York.
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
7.41%
Cash-on-Cash
-2.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93