facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

21 East 21st Street

Ezra Sutton Of Meridian Capital Group Secures $5,000,000 Refinance Loan For Multi-Family Asset
FINANCEDMultiFamily

Ezra Sutton Of Meridian Capital Group Secures $5,000,000 Refinance Loan For Multi-Family Asset

21 East 21st Street

$5,000,000

Building Size

Asset Type

MultiFamily

Closing

Aug 14, 2026

AI

The property asset involved in this transaction is a multi-family building located at 21 East 21st Street in the Flatiron District. The loan amount for this property is $5,000,000, secured through a refinance with a 5.98% interest rate under full term interest-only terms from a balance sheet lender.

Summary of transaction details:

  • Property Type: Multi-Family
  • Transaction Amount: $5,000,000
  • Loan Type: Refinance
  • Loan Terms: 5.98% rate full term interest only
  • Market: Flatiron District
  • Broker: Ezra Sutton - Meridian Capital Group

Ezra Sutton from Meridian Capital Group represents the deal, facilitating the refinancing process for the multi-family asset located in the Flatiron District.

Players

Ezra Sutton

Meridian Capital Group

Broker

$575.5M

vol

29 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93