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117 Perry Street

Neil Bender Of William Gottlieb Real Estate Secures $35M Refinance Loan From Webster Bank
FINANCEDMultiFamily

Neil Bender Of William Gottlieb Real Estate Secures $35M Refinance Loan From Webster Bank

117 Perry Street & 119 Perry Street

$35,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 30, 2026

AI

The asset involved in the transaction is a multifamily property located at 117-119 Perry Street & 581 Hudson Street in the West Village, Manhattan. The property encompasses a portfolio consisting of nine properties and features a total of 120 units, with an overall size of 99,075 square feet. The refinancing transaction was secured for a total loan amount of $35,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $35,000,000
  • Lender: Webster Bank
  • Landlord: Neil Bender - William Gottlieb Real Estate
  • Previous Debt: $23,000,000
  • Transaction Date: 03/30/2026

Neil Bender, representing William Gottlieb Real Estate, was involved in securing the refinancing loan from Webster Bank, which replaced prior debt on the portfolio, illustrating the ongoing relationship between the landlord and lender in managing the financial aspects of this multifamily portfolio.

Players

Webster Bank
Webster BankLender

Neil Bender

William Gottlieb Real Estate

Landlord

$46.2M

vol

4 deals

Landlord

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93