Provides $7.4M Refinance Loan For 20 Greene Street Commercial Condo In Soho
20 Greene Street
$7,400,000
$1,469/SF
Building Size
5,037 SF
Asset Type
Mixed-use
Closing
Mar 27, 2025
About this deal
AI
The property asset involved in this transaction is a commercial condominium located at 20 Greene Street in the Soho market. It consists of 5,037 square feet and is associated with a refinance loan amounting to $7,400,000 having a fixed interest rate of 6.61% for a term of 5 years.
Summary of transaction details:
- Property Type: Commercial Condominium
- Transaction Amount: $7,400,000
- Loan Type: Refinance
- Loan Terms: 5 year term, 6.61% Fixed
- Lender:
- Brokers: Noah Schulman & Bryan Geffen - Meridian Capital Group
In this transaction, Noah Schulman and Bryan Geffen represent the brokerage firm Meridian Capital Group, facilitating the refinance process for the commercial condominium at the specified address.
On the Map
$7,400,000
$1,469/SF
Mixed-use
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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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93