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207-209 Dyckman Street, Man...

Ariel Bick & Jack Bick Secure $3.65M Loan For Inwood Multifamily Property
FINANCEDMultiFamily

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

Josh Rhine

Meridian Capital Group

Broker

$479.2M

vol

10 deals

Broker
New York Community Bank
New York Community BankLender

Jack Bick

Sapphire Holdings Group

Landlord

$15.7M

vol

3 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

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93