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
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