Salvatore Parasuco Secures $7.2M Refinance For 10,125-SF Condo At 225 Lafayette Street
225 Lafayette Street
$7,200,000
$711/SF
Building Size
10,125 SF
Asset Type
Condo
Closing
Jun 16, 2026
AI
The asset involved in this transaction is a retail condominium located at 225 Lafayette Street in Nolita, Manhattan, encompassing a total square footage of 10,125. This refinancing transaction involved a loan amount of $7.2 million, replacing a prior loan of $10 million with the same lender, Bank United.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,200,000
- Lender: Bank United
- Landlord: Salvatore Parasuco
- Company: Parasuco USA Holding
- Previous Loan Amount: $10,000,000
Salvatore Parasuco, representing Parasuco USA Holding, has secured the refinancing deal with Bank United for the retail condominium at the specified address, ensuring the property's financial continuity in the market.
Players
Lafayette Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93