Michael Lee Of HKS Real Estate Advisors Represents Stormfield Capital In $8M Refinance For 9 Minetta Street
9 Minetta Street
$8,000,000
$963/SF
Building Size
8,300 SF
Asset Type
Single Family Residence
Closing
Oct 7, 2025
AI
The asset involved in the transaction is a single-family residence located at 9 Minetta Street in the Greenwich Village market. The property spans 8,300 square feet and is part of a refinance loan amounting to $8,000,000.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,000,000
- Lender: Stormfield Capital
- Broker: Michael Lee - HKS Real Estate Advisors
- Loan Type: Refinance
- Date: 10/7/2025
The deal features broker representation by Michael Lee from HKS Real Estate Advisors. The refinancing indicates a strategic financial decision in managing the asset's value and facilitating investment in the property.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93