Updated Oct 29, 2024
Rybak Development Secures $30M Loan For Development Site At 333 East 82nd Street In Yorkville
333 East 82nd Street, Manhattan, New York, NY, USA
$30,000,000
$988/SF
Building Size
30,346 SF
Asset Type
Development Site
Closing
Nov 11, 2021
About this deal
AI
Jason Reznik and Sergey Rybak have obtained a $30,000,000 loan for a development site located at 333 East 82nd Street in the Yorkville market. The site has a buildable square footage (BSF) of 30,346 and is owned by Rybak Development.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $30,000,000
- Address: 333 East 82nd Street
- Market: Yorkville
- BSF: 30,346
This loan was provided by Bank Leumi USA. Jason Reznik and Sergey Rybak represent themselves and Rybak Development in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93