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194 East 2nd Street

Updated Jul 21, 2026

Benchmark Real Estate Secures $44.5 Million Refinance Loan From Citi For East Village Multifamily
FINANCEDMultiFamily

Benchmark Real Estate Secures $44.5 Million Refinance Loan From Citi For East Village Multifamily

194 East 2nd Street

$44,500,000

$760/SF

Building Size

58,522 SF

Asset Type

MultiFamily

Closing

Jun 17, 2026

About this deal

AI

The property asset involved in the transaction is a MultiFamily building located at 194 East 2nd Street in the East Village market of Manhattan. The asset spans 58,522 square feet and comprises 61 units, with a loan amount of $44,500,000 for a refinance deal.

Summary of transaction details:

Key individuals in this transaction include James Goldberg and Eric Lawrence, who represent Citi as the lender. Benchmark Real Estate is represented by Aaron Feldman and Jordan Vogel, while the brokerage for the deal is JLL, represented by Michael Zaremski and Clayton Ross.

On the Map

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$44,500,000

$760/SF

MultiFamily

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Players

Michael Zaremski

JLL

Broker

$1.4B

vol

21 deals

Broker

James Goldberg

Citi

Lender

$644.5M

vol

2 deals

Lender
Citizens Bank
Citizens BankLender
Jordan Vogel

Jordan Vogel

Benchmark Real Estate

Landlord

$306.6M

vol

12 deals

Landlord
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Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $760 per square foot on a published $44.5M for 58,522 square feet (2026).

Visit Michael Zaremski to view all their deals.

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.36%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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