Dime Community Bank Provides $70M Refinance Loan For Mixed-Use Properties In New York
205 Chrystie Street, New York City, New York 10002, United States
$70,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 15, 2022
AI
205 Chrystie Street, 9-11-15 Stanton Street, 17 Stanton Street, 120 Orchard Street, 126 East 7 Street, 624 East 11 Street, 244 East Houston Street, 210 Rivington Street, 76 East 1 Street, 203 Chrystie Street, 1111 Flatbush Avenue, and 2848 Brighton 7 Street in New York have been involved in a recent mixed-use transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $70,000,000
The loan for the transaction was provided by Dime Community Bank, with Charlie Terrasi acting as the Senior Vice President and Louis Ciniglio also involved. The landlord, Better Living Properties, was represented by Jonathan Soudry and Ariel Soudry. The brokers from Meridian Capital Group who facilitated the deal were Isaac Filler, Yossi Koschitzki, and Elliot Levy.
Refinance was the type of loan involved in this transaction.
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93