Ariel Bick & Jack Bick Secure $3.65M Loan For Inwood Multifamily Property
207-209 Dyckman Street, Manhattan, New York, NY, USA
$3,650,000
Building Size
—
Asset Type
MultiFamily
Closing
May 13, 2021
AI
The multifamily property located at 207-209 Dyckman Street in Inwood has recently undergone a closed transaction. The deal, which took place on 05/14/2021, involved a loan from NYCB. The loan amount for this transaction was $3,650,000. The property is owned by Ariel Bick & Jack Bick, and they were represented by brokers Josh Rhine & Ari Greenberg from Meridian Capital Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,650,000
- Address: 207-209 Dyckman Street
- Market: Inwood
- Lender: NYCB
- Landlord: Ariel Bick & Jack Bick
- Brokers: Josh Rhine & Ari Greenberg - Meridian Capital Group
This closed transaction provides insight into the key individuals and companies involved. Ariel Bick and Jack Bick serve as the landlords of the property. Josh Rhine and Ari Greenberg, representing Meridian Capital Group, acted as the brokers for this deal. The loan from NYCB played a crucial role in facilitating this transaction between the parties involved.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93