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49 Chambers St, New York, N...

Robert Vernicek Represents Borrower In $204M Condo Loan At 49 Chambers St, NY
FINANCEDCondo

Robert Vernicek Represents Borrower In $204M Condo Loan At 49 Chambers St, NY

49 Chambers St, New York, NY, 10007

$204,000,000

Building Size

Asset Type

Condo

Closing

Nov 22, 2023

AI

Located at 49 Chambers St, New York, NY, 10007, the property in question is a Condo in New York. The loan amount secured for this asset is an impressive $204,000,000.00, with SL Green Realty Corp. acting as the lender.

Summary of transaction details:

The transaction involved Robert Vernicek representing the borrower and Robert Verrone from Iron Hound Management Company serving as the Borrower's REP in the deal. These key individuals played crucial roles in the successful completion of this significant loan transaction.

Players

Robert Vernicek

Broker

$1.6B

vol

6 deals

Broker
SL Green
SL GreenLender

New York 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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93