Bank Leumi USA Provides $32M Loan For Torkian Group's Multifamily Property At 110 Greenwich St. In Financial District
FINANCED
$32,000,000
New York
See Similar DealsMultiFamily57,941 SF
Financed 03/05/2021
FINANCED
Bank Leumi USA Provides $32M Loan For Torkian Group's Multifamily Property At 110 Greenwich St. In Financial District
110 Greenwich Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily57,941 SF
Financed 03/05/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$552
Total Square Footage:57,941 SF
Transaction Type:Loan
The multifamily property located at 110 Greenwich Street in the Financial District has been involved in a recent loan transaction. The loan was obtained from Bank Leumi USA for a total amount of $32,000,000. The property spans 57,941 square feet and contains 60 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,000,000
- Address: 110 Greenwich Street
- Market: Financial District
- Lender: Bank Leumi USA
- Landlord: Torkian Group
- Square Footage: 57,941
- Number of Units: 60
In this deal, Torkian Group acted as the landlord. They were represented by their broker, Avner Mendelson & Hersel Torkian of Torkian Group.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,000,000.00
Monthly NOI$213,333.33
Monthly Debt Service$202,261.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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