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New York

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Mixed Use

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New York City

TARGO Capital Partners Secures $69.7 Million Acquisition Loan From Bridge Investment Group
FINANCEDMixed-use

TARGO Capital Partners Secures $69.7 Million Acquisition Loan From Bridge Investment Group

$69,700,000

Building Size

Asset Type

Mixed-use

Closing

May 13, 2026

AI

This transaction involves a mixed-use asset situated in the West Village, East Village, and Lower East Side markets. The deal is characterized by a loan amount of $69,700,000, which is categorized as an acquisition loan.

Summary of transation details:

The key individuals involved in this transaction include Morris Betesh, Brandon Serota, David Gleitman, Morris Dabbah, and Zachary Strauss, all representing Arrow Real Estate Advisors, who are instrumental in facilitating the landlord's interests in this deal.

Players

Brandon Serota

Arrow Real Estate Advisors

Broker

$644.4M

vol

14 deals

Broker
TP
TARGO Capital PartnersLandlord

Market Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93