Dermot Company Secures $80 Million Refinance Loan From Mizuho Bank For 21 West End Avenue
21 West End Avenue
$80,000,000
Units
616
Asset Type
Condo
Closing
Apr 1, 2026
About this deal
AI
Three condominium units located at 21 West End Avenue in Manhattan, representing a total of 493,673 square feet and comprising 616 residential units, were involved in a recent refinance transaction. The loan amount secured for this property was $80,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $80,000,000
- Address: 21 West End Avenue
- Market: Manhattan
- Asset Size: 493,673 BSF
- Units: 616
- Lender: Mizuho Bank
- Landlord: Stephen N. Benjamin - Dermot Company
- Loan Type: Refinance
- Transaction Date: April 1, 2026
- Recorded Date: April 8, 2026
Dermot Company, through Riverside Center 2 Bit Owner, LLC, was the entity that secured the refinancing from Mizuho Bank, via Mizuho Capital Markets LLC, for the specified condominium units.
On the Map
$80,000,000
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93