Davean Holdings Secures $26M Loan For Mixed-Use Property On Macdougal Street In Greenwich Village
103-105 Macdougal Street
Mixed-use
40,000 SF
40,000 SF
Financed 1 year ago
+ 4
Summary
The property involved in this transaction is located at 103-105 Macdougal Street in Greenwich Village. It is a mixed-use property with a total square footage of 40,000. The asset was purchased by @DaveanHoldings for $22.5 million in the summer of 2020. Since then, @DaveanHoldings has renovated more than 50 residential units and leased out the 7,000+ square foot retail space.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $22.5 million
- Market: Greenwich Village
- Lender: Sterling National Bank
- Landlord: @DaveanHoldings - Sean Lefkovits & David Lloyd
- Brokers: Dustin Stolly, Jordy Roeschlaub, Eden Abraham & Daniel Fromm @Newmark
- Loan Amount: $26,000,000
- Loan Terms: 3.125% Rate, 2 Years I/O, 5 Year Fixed
@DaveanHoldings is also currently under contract on 12 other properties in Manhattan or Prime BK. For more investment opportunities, they can be contacted via email at [email protected].
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103-105 Macdougal Street
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