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261 West 21st Street

Fred Ohebshalom Secures $21.5 Million Refinance Loan For Mixed-Use Property In Manhattan
FINANCEDMixed-use

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

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.

Players

Jonathan Aghravi

JBA Equities

Broker

$1.6B

vol

50 deals

Broker
DC
Derby CopelandLender
Fred Ohebshalom

Fred Ohebshalom

Landlord

$282.4M

vol

8 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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93