Chetrit Group Secures $90.75M Loan For Residential Condo At 49 Chambers Street
49 Chambers Street, Manhattan, New York, NY, USA
$90,750,000
$4,796/SF
Building Size
18,919 SF
Asset Type
—
Closing
Dec 23, 2020
AI
Located in the trendy Tribeca neighborhood, the residential condo at 49 Chambers Street recently underwent a significant transaction. On December 24, 2020, a loan was secured for the property, with an impressive amount of $90,750,000 provided by Axos Bank and Silverstein Capital Partners. The Chetrit Group, the landlord of the condo, played a pivotal role in this transaction.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $90,750,000
- Lender: Axos Bank & Silverstein Capital Partners
- Landlord: Chetrit Group
Larry Silverstein, Joseph Chetrit, and Tal Kerret were the key individuals involved in this real estate deal. However, no additional information is available regarding their specific roles or affiliations related to this transaction.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93