Dario Zar Secures $5.9 Million Refinance From Alma Bank For Mixed-Use Property In Chinatown
151 Canal Street
$5,900,000
$524/SF
Building Size
11,245 SF
Asset Type
Mixed-use
Closing
Sep 29, 2026
About this deal
AI
The asset involved is a mixed-use building located at 151 Canal Street in Chinatown, Manhattan. The building has a total square footage of 11,245 and consists of three units. It was refinanced for an amount of $5,900,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,900,000
- Address: 151 Canal Street
- Market: Chinatown, Manhattan
- Lender: Alma Bank
- Landlord: Dario Zar - Zar Property NY
- Loan Type: Refinance
Dario Zar, representing Zar Property NY, secured the refinancing through the entity known as 151 Canal St LLC. The transaction involved securing financial support from Alma Bank to facilitate the refinancing of the property.
On the Map
$5,900,000
$524/SF
Mixed-use
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Players
Canale 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
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93