NYCB Provides $9.25M Loan For West Village Resi Condo/Co-Op On 14th Street
FINANCED
$9,250,000
New York
See Similar Deals13,000 SF
Financed 07/09/2020
FINANCED
NYCB Provides $9.25M Loan For West Village Resi Condo/Co-Op On 14th Street
226 W 14th St, New York, NY 10011, USA
See Similar Deals13,000 SF
Financed 07/09/2020
Summary
NEW YORK
Price Per Square Foot:$711
Total Square Footage:13,000 SF
Transaction Type:Loan
A loan of $9,250,000 was secured for the commercial condominium located at 222 West 14th Street in the West Village. The property is a residential condo/co-op with a total area of 13,000 square feet.
Summary of transation details
- Property Type: Resi Condo / Co-Op
- Transaction Amount: $9,250,000
- Loan Terms: 3.5% fixed rate, 7-year term
- Lender: NYCB
- Landlord: Sackman Enterprises
- Brokers: Simon Rosenfeld, David Ostrov, Jeff Weinberg of Meridian Capital Group
The loan was secured through NYCB, with Simon Rosenfeld, David Ostrov, and Jeff Weinberg from Meridian Capital Group acting as the brokers in the deal.
Note: The property is a commercial condominium, with the first two...
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,250,000.00
Monthly NOI$61,666.67
Monthly Debt Service$58,466.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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