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205 Chrystie Street, New Yo...

Dime Community Bank Provides $70M Refinance Loan For Mixed-Use Properties In New York
FINANCEDMixed-use

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

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker
Dime Community Bank
Dime Community BankLender

Jonathan Soudry

Better Living Properties

Landlord

$165M

vol

6 deals

Landlord

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