facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

106 Fulton St, New York, NY...

DSA Property Group Secures $42.9M Loan For Mixed-Use Property At 106 Fulton Street FiDi
FINANCEDMixed-use

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

Josh Rhine

Meridian Capital Group

Broker

$479.2M

vol

10 deals

Broker
Signature Bank
Signature BankLender
Arik Lifshitz

Arik Lifshitz

DSA Property Group

Landlord

$74.4M

vol

6 deals

Landlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

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