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
About this deal
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:
- Property Type: Condo
- Transaction Amount: $204,000,000.00
- Borrower's Representative: Robert Vernicek, Robert Verrone(Iron Hound Management Company)
- Lender: SL Green Realty Corp.
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.
On the Map
$204,000,000
Condo
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Players
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