Updated Oct 28, 2024
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
$32,000,000
$552/SF
Building Size
57,941 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
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.
On the Map
$32,000,000
$552/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93