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20 Greene Street

Life Insurance Company Provides $7.4M Refinance Loan For 20 Greene Street Commercial Condo In Soho
FINANCEDMixed-use

Life Insurance Company 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

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:

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.

Players

Bryan Geffen

Meridian Capital Group

Broker

$184.2M

vol

20 deals

Broker
Symetra Life Insurance
Symetra Life InsuranceLender

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