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183 Chrystie Street

David Paz Of Omnia Properties Secures $45 Million Refinance For Condos At 183 Chrystie Street
FINANCEDCondo

David Paz Of Omnia Properties Secures $45 Million Refinance For Condos At 183 Chrystie Street

183 Chrystie Street

$45,000,000

Building Size

Asset Type

Condo

Closing

Apr 28, 2026

AI

A refinancing transaction involving four condominium units was executed at 183 Chrystie Street, also known as 4 Freeman Alley, located in Manhattan's Lower East Side. The condo asset valued at $45 million has been facilitated by Valley National Bank, providing a loan for the refinancing process.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $45,000,000
  • Lender: Valley National Bank
  • Landlord: David Paz - Omnia Properties

The refinancing was secured by Omnia Properties through 185 Chrystie Street LLC. David Paz is representing Omnia Properties in this transaction, highlighting his role in managing the refinancing of the condominium units.

Players

OP
Omnia PropertiesBuyer

David Paz

Omnia Properties

Landlord

$84.7M

vol

4 deals

Landlord

Market 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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93