DSA Property Group Secures $42.9M Loan For Mixed-Use Property At 106 Fulton Street FiDi
106 Fulton St, New York, NY 10038, USA
$42,900,000
$573/SF
Building Size
74,863 SF
Asset Type
Mixed-use
Closing
Nov 13, 2018
AI
A mixed-use property located at 106 Fulton Street in FiDi has recently undergone a closed transaction. The property, consisting of 81 units, was involved in a deal brokered by Avi Weinstock and Josh Rhine from meridian.capital.group. Signature Bank provided a loan of $42,900,000 for the transaction, with a fixed interest rate of 4.92 percent for a 10-year term. The landlord of the property is DSA Property Group, represented by Arik Lifshitz.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $42,900,000
- Address: 106 Fulton Street
- Market: FiDi
- Units: 81
- Lender: Signature Bank
- Landlord: DSA Property Group – Arik Lifshitz
- Brokers: Avi Weinstock and Josh Rhine @meridian.capital.group
- Loan Terms: 4.92 percent, 10-year
This deal involved notable individuals such as Arik Lifshitz, who represented DSA Property Group as the landlord, and Avi Weinstock and Josh Rhine from meridian.capital.group as the brokers. Together, they facilitated the closed transaction, securing a loan amount of $42,900,000 from Signature Bank. The mixed-use property, located at 106 Fulton Street in FiDi, comprises 81 units and is expected to provide a valuable investment opportunity.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93