OceanFirst Bank Provides $35M Loan For Commercial Condo In SoHo
105-113 Wooster St, Manhattan, New York, NY, USA
$35,000,000
$437/SF
Building Size
80,000 SF
Asset Type
—
Closing
Mar 22, 2021
About this deal
AI
The commercial condo located at 105-113 Wooster St in the SoHo market has been involved in a recent loan transaction. The loan amount for this transaction is $35,000,000.
Summary of transaction details:
- Property Type: Commercial Condo
- Transaction Amount: $35,000,000
In this loan deal, the lender is Daniel Papa & AnnMarie Sorena from OceanFirst Bank. The landlord of the property is Dario Zar of ZarPropertyNY. The brokers representing the transaction are Isaac Filler and Yossi Koschitzki from Meridian Capital Group.
On the Map
$35,000,000
$437/SF
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93