Naftali Group Refinances Mixed-Use Property In Financial District For $48M
8 Carlisle St New York, Ny 10006, Usa
$48,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 13, 2023
AI
The mixed-use property located at 8 Carlisle Street in the Financial District of Manhattan has undergone a refinancing transaction. The loan, in the amount of $48,000,000, was facilitated by Naftali Group, serving as the lender. The property is owned by Grubb Properties.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $48,000,000
- Address: 8 Carlisle Street, Financial District, Manhattan
- Lender: Naftali Group
- Landlord: Grubb Properties
- Brokers: Brandon Serota, Morris Betesh & Omar Ferreira - Meridian Capital Group
- Loan Type: Refinance
The transaction was facilitated by Brandon Serota, Morris Betesh, and Omar Ferreira from the Meridian Capital Group, representing the parties involved in the deal.
Players
Sunshine Coast Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93