Premier Equities Refinances SoHo Retail Condo On Greene Street For $43M
FINANCED
$43,000,000
New York
See Similar DealsMixed-use14,444 SF
Financed 11/26/2021
FINANCED
Premier Equities Refinances SoHo Retail Condo On Greene Street For $43M
57 Greene Street, Manhattan, New York, NY, USA
See Similar DealsMixed-use14,444 SF
Financed 11/26/2021
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$2,977
Total Square Footage:14,444 SF
Transaction Type:Loan
A retail condo located at 57 Greene Street in SoHo has recently undergone a refinancing transaction. The property, which is owned by Premier Equities, has received a loan amount of $43,000,000 from Acadia Realty Trust.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $43,000,000
- Address: 57 Greene Street
- Market: SoHo
Acadia Realty Trust, a lender in this transaction, provided the loan for the refinancing. Premier Equities, the landlord of the property, facilitated the deal.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,000,000.00
Monthly NOI$286,666.67
Monthly Debt Service$271,789.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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