Fred Ohebshalom Secures $21.5 Million Refinance Loan For Mixed-Use Property In Manhattan
261 West 21st Street
$21,500,000
Building Size
—
Asset Type
Mixed-use
Closing
Apr 30, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 261 West 21st Street in Manhattan. The property was refinanced with a loan amount of $21,500,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $21,500,000
- Lender: Derby Copeland
- Landlord: Fred Ohebshalom
- Landlord's Representative: Jonathan Aghravi - JBA Equities
- Loan Type: Refinance
- Date of Transaction: 5/1/2026
This transaction involved key individuals such as Fred Ohebshalom, who is the landlord of the property. Jonathan Aghravi represented the landlord in this refinancing arrangement through his agency, JBA Equities, facilitating the financial transaction with Derby Copeland.
On the Map
$21,500,000
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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93