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
About this deal
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.
On the Map
$45,000,000
Condo
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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