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
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