Chetrit Group Secures $90.75M Loan For Residential Condo At 49 Chambers Street
FINANCED
$90,750,000
New York
See Similar Deals18,919 SF
Financed 12/24/2020
FINANCED
Chetrit Group Secures $90.75M Loan For Residential Condo At 49 Chambers Street
49 Chambers Street, Manhattan, New York, NY, USA
See Similar Deals18,919 SF
Financed 12/24/2020
Summary
NEW YORK
Price Per Square Foot:$4,796
Total Square Footage:18,919 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$90,750,000.00
Monthly NOI$605,000.00
Monthly Debt Service$573,601.73
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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