Deutsche Bank Provides $8 Million Refinance Loan For Mixed-Use Property In West Village
244 West 14th Street & 248 West 14th Street
$8,000,000
$181/SF
Building Size
22,085 SF
Asset Type
Mixed-use
Closing
Jan 9, 2025
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 244 West 14th Street & 248 West 14th Street in the West Village, Manhattan. The property encompasses a total square footage of 22,085 and is part of a loan transaction amounting to $8,000,000, which is classified as a refinance.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Market: West Village, Manhattan
- Lender: Deutsche Bank
- Broker: Dovid Ostrov - Meridian Capital Group
- Loan Type: Refinance
The key individuals involved in this transaction include Dovid Ostrov, who represents Meridian Capital Group as the broker handling the deal. Deutsche Bank is listed as the lender providing the loan for this refinance transaction.
On the Map
$8,000,000
$181/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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93