Morris Missry & Joseph Edery Secure $3.4M Refinance Loan For Mixed-use Property At 271 Bleecker Street
271 Bleecker Street
$3,400,000
Building Size
—
Asset Type
Mixed-use
Closing
May 6, 2026
AI
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
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93