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8 Carlisle St New York, Ny ...

Naftali Group Refinances Mixed-Use Property In Financial District For $48M
FINANCEDDevelopment Site

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

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

Brandon Serota

Arrow Real Estate Advisors

Broker

$644.4M

vol

14 deals

Broker
Naftali Group
Naftali GroupLender
Grubb Properties
Grubb PropertiesLandlord

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