Updated Nov 14, 2025
James D. Ryan III Secures $17.6M Refinance Loan From Webster Bank For 31-Unit Multifamily Property
135 Avenue A
$17,600,000
$645/SF
Building Size
27,266 SF
Asset Type
MultiFamily
Closing
Sep 12, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 135 Avenue A in the East Village market of Manhattan. It has a total area of 27,266 square feet and consists of 31 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,600,000
- Lender: Webster Bank
- Landlord: James D. Ryan III - Ryco Capital
- Loan Type: Refinance
This refinancing transaction was executed by RYCO Capital, specifically through West Lake 135-139 Avenue A LLC, which replaced a previous loan of $17 million from Derbby Copeland Capital with the new loan obtained from Webster Bank.
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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93