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
About this deal
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.
On the Map
$8,051,000
$8,051,000/SF
Mixed-use
View full map
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Morris Dabbah to view all their deals.
Browse New York mixed use loans on Traded.
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