Nathan Berman And Marc Fried's MetroLoft Secures $20 Million Loan For 135 William Street
135 William Street
$20,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 6, 2026
AI
The property asset involved in this transaction is located at 135 William Street, which consists of mixed-use space with a total of 32 units, including 2 commercial and 30 residential units. The loan amount secured for this asset is $20,000,000, with permanent financing being the chosen loan type. This property is situated in the Financial District.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $20,000,000
- Units: 32 (2 Commercial & 30 Residential)
- Address: 135 William Street
- Market: Financial District
- Lender: Joe Dyckman, Eric Mirvis & Erica Engel - Citi Bank
- Landlord: Nathan Berman & Marc Fried - MetroLoft
- Brokers: Max Herzog, Marko Kazanjian, Andrew Cohen & Max Hulsh - Institutional Property Advisors
The transaction involved several key individuals representing different stakeholders. The lender team from Citi Bank includes Joe Dyckman, Eric Mirvis, and Erica Engel. The landlord representation comes from Nathan Berman and Marc Fried of MetroLoft. Additionally, the brokers completing the deal are Max Herzog, Marko Kazanjian, Andrew Cohen, and Max Hulsh, all affiliated with Institutional Property Advisors.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93