Urban Standard Capital Provides $51.8M Refinance Loan For Condo On Chrystie Street
199 Chrystie Street, New York City, New York 10002, United States
$51,792,500
$1,497/SF
Building Size
34,596 SF
Asset Type
—
Closing
Jan 19, 2022
About this deal
AI
The property involved in this closed transaction is a condo located at 199 Chrystie in the Lower East Side. The property has a size of approximately 34,596 square feet.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $51,792,500
- Address: 199 Chrystie
- Market: Lower East Side
- Lender: Urban Standard Capital
- Loan Type: Refinance
The lender for this transaction was Urban Standard Capital. The loan amount was $51,792,500 and it was structured as both senior financing and mezzanine financing. The loan had flexible release prices and a floating rate that decreases over the term. Seth Weissman, Charlie Brosens, Robert Levine, Bean, and Jeremy Plofker represented Urban Standard Capital in this deal.
For more information about USC's lending program, you can email Charlie at [email protected] and Robert at [email protected].
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse New York loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93