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21 West End Avenue

Dermot Company Secures $80 Million Refinance Loan From Mizuho Bank For 21 West End Avenue
Condo

Dermot Company Secures $80 Million Refinance Loan From Mizuho Bank For 21 West End Avenue

21 West End Avenue

$80,000,000

Units

616

Asset Type

Condo

Closing

Apr 1, 2026

AI

Three condominium units located at 21 West End Avenue in Manhattan, representing a total of 493,673 square feet and comprising 616 residential units, were involved in a recent refinance transaction. The loan amount secured for this property was $80,000,000.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $80,000,000
  • Address: 21 West End Avenue
  • Market: Manhattan
  • Asset Size: 493,673 BSF
  • Units: 616
  • Lender: Mizuho Bank
  • Landlord: Stephen N. Benjamin - Dermot Company
  • Loan Type: Refinance
  • Transaction Date: April 1, 2026
  • Recorded Date: April 8, 2026

Dermot Company, through Riverside Center 2 Bit Owner, LLC, was the entity that secured the refinancing from Mizuho Bank, via Mizuho Capital Markets LLC, for the specified condominium units.

Players

Mizuho bank
Mizuho bankLender

New York Condo Market Snapshot

Boundary boundary · Condo · All transaction types transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93