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.
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