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Morris Missry & Joseph Edery Secure $3.4M Refinance Loan For Mixed-use Property At 271 Bleecker Street

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FINANCED
$3,400,000

New York

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Mixed-use
Financed 05/07/2026
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FINANCED

Morris Missry & Joseph Edery Secure $3.4M Refinance Loan For Mixed-use Property At 271 Bleecker Street

271 Bleecker Street

See Similar Deals
Mixed-use
Financed 05/07/2026
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use building located at 271 Bleecker Street in the West Village, Manhattan. The transaction is a refinance loan amounting to $3,400,000, provided by Modern Bank.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $3,400,000
  • Lender: Modern Bank
  • Landlord: Morris Missry & Joseph Edery
  • Landlord's Representative: Morris Dabbah & Zachary Strauss - Arrow Real Estate Advisors
  • Loan Type: Refinance

Key individuals involved in this deal include Steven Caligor, Adam Reiss, Joseph Petrelli, Zachary Strauss, and Morris Dabbah. Modern Bank is noted for actively pursuing financing opportunities for free-market multifamily, industrial, and mixed-use assets in the tri-state area.

Players

Morris Dabbah
34 deals$1.1B volume(212) 612-0105
BROKER

Zachary (Zach) Strauss
Arrow Real Estate Advisors
4 deals$18.5M volume(646) 825-7027
BROKER

Modern Bank
ORIGINATOR

Modern Bank
ORIGINATOR

Modern Bank
ORIGINATOR

Details

FINANCED
IMAGE: Steven Caligor, Adam Reiss, Joseph Petrelli, Zachary Strauss & Morris Dabbah DATE: 5/7/2026 ADDRESS: 271 Bleecker Street MARKET: West Village, Manhattan ASSET TYPE: Mixed-use LENDER: Modern Bank LANDLORD: Morris Missry & Joseph Edery LANDLORD'S REP: Morris Dabbah & Zachary Strauss - Arrow Real Estate Advisors (@Arrow_REA) LOAN AMOUNT: $3,400,000 LOAN TYPE: Refinance NOTE FROM LENDER: MBG is actively pursuing bridge, perm and note-on-note financing opportunities for free-market multifamily, industrial and mixed-use assets in the tri-state area. Modern Bank N.A., Member FDIC | Equal Housing Lender.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,400,000.00

Monthly NOI$22,666.67
Monthly Debt Service$21,490.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00