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Mixed Use

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111 Reade Street

Emerald Creek Capital Provides $8,051,000 Loan To TARGO For 111 Reade Street Acquisition
FINANCEDMixed-use

Emerald Creek Capital Provides $8,051,000 Loan To TARGO For 111 Reade Street Acquisition

111 Reade Street

$8,051,000

$8,051,000/SF

Building Size

1 SF

Asset Type

Mixed-use

Closing

May 6, 2025

AI

The property asset involved in this transaction is a mixed-use building located at 111 Reade Street in the Tribeca market. The loan amount secured for this acquisition is $8,051,000.

Summary of transation details:

  • Property Type: Mixed-use
  • Transaction Amount: $8,051,000
  • Lender: Emerald Creek Capital
  • Landlord: TARGO
  • Landlord's Representative: Morris Betesh, Morris Dabbah & Brandon Serota - Arrow Real Estate Advisors
  • Loan Type: Acquisition

The deal features key representatives, including Morris Betesh, Morris Dabbah, and Brandon Serota, who represent TARGO in this transaction through Arrow Real Estate Advisors.

Players

Brandon Serota

Arrow Real Estate Advisors

Broker

$644.4M

vol

14 deals

Broker
Emerald Creek Capital
Emerald Creek CapitalLender

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

1.97%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93