Dalan Management Secures $25.8M Loan For West Village Multifamily & Mixed-use
89 Christopher Street, Manhattan, New York, NY, USA
$25,800,000
$866/SF
Building Size
29,769 SF
Asset Type
Mixed-use
Closing
Jun 22, 2021
About this deal
AI
A multifamily and mixed-use property located at 89 Christopher Street, 91 Christopher Street, and 329 Bleecker Street in the West Village has secured a loan. The property spans 29,769 square feet and comprises 44 units.
Summary of transaction details
- Property Type: Multifamily & Mixed-use
- Transaction Amount: $25,800,000
- Address: 89 Christopher Street, 91 Christopher Street & 329 Bleecker Street
- Market: West Village
- Lender: Mesa West Capital
- Landlord: Dalan Management
- Square Footage: 29,769
- Units: 44
The loan for this property was provided by Mesa West Capital, while Dalan Management acts as the landlord. Mark Zytko & Jeff Friedman are the individuals involved in the transaction, representing their respective agencies. Additional details about the deal were not disclosed.
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
0.61%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93