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244 West 14th Street

Deutsche Bank Provides $8 Million Refinance Loan For Mixed-Use Property In West Village
FINANCEDMixed-use

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

44,170 SF

Asset Type

Mixed-use

Closing

Jan 9, 2025

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:

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.

Players

Dovid Ostrov

Meridian Capital Group

Broker

$63.2M

vol

4 deals

Broker
Deutsche Bank
Deutsche BankLender

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