Hal Goldberg's Cee Gee Inwood LLC Secures $14.75M Refinance Loan For Inwood, Manhattan Properties
4116 9th Avenue
$14,750,000
$154/SF
Building Size
95,232 SF
Asset Type
School
Closing
Aug 21, 2023
About this deal
AI
The three adjoining properties in Inwood, Manhattan have undergone a significant financial transaction. Hal Goldberg's Cee Gee Inwood LLC secured a $14.75 million refinance loan from Hirshmark Capital's 401 W219 Funding LLC. These properties consist of an office building located at 4116 9th Avenue, as well as two school buildings situated at 417 and 409 West 219th Street. The total square footage of these assets amounts to 95,232 square feet, with a total building square footage (BSF) of 306,200. The loan was executed on 08/21/2023.
Summary of transaction details
- Property Type: School
- Transaction Amount: $14,750,000
- BSF: 306,200
- SF: 95,232
- Loan Type: Refinance
- Lender: Hirshmark Capital - Igor Vaysberg
- Landlord: Hal Goldberg
This transaction involves two significant parties. Hal Goldberg, the landlord of the properties, successfully obtained the refinance loan from Hirshmark Capital. The loan was facilitated by Hirshmark Capital's 401 W219 Funding LLC and executed with the assistance of Igor Vaysberg, who served as the lender's representative throughout the deal.
Players
New York School Market Snapshot
Boundary boundary · School · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93