facebook
Traded Co logo
Submit
Daily limit: 0/10

Select Garages Secures $44M Refinancing Loan From Bank Of Montreal For NYC Parking Lots & Condos

Property Image
FINANCED
$44,000,000

New York

See Similar Deals
MultiFamily89,155 SF
Financed 05/25/2023
the dealplayerscompscontact
Property Image
FINANCED

Select Garages Secures $44M Refinancing Loan From Bank Of Montreal For NYC Parking Lots & Condos

2373 Broadway New York, New York 10024, USA

See Similar Deals
MultiFamily89,155 SF
Financed 05/25/2023
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$493
Total Square Footage:89,155 SF
Transaction Type:Loan

The asset involved in this transaction consists of a parking lot and condominium units, located at 2373 Broadway and 21 University Place in Greenwich Village, Manhattan. The total square footage of the property is 89,155. This transaction is a refinancing loan for an amount of $44 million.

Summary of transaction details:

  • Property Type: Parking Lot & Condo
  • Transaction Amount: $44,000,000
  • Address: 2373 Broadway & 21 University Place
  • Market: Greenwich Village, Manhattan
  • Lender: Bank of Montreal
  • Lender's Representative: Michael Birajiclian
  • Landlord: Select Garages
  • Landlord's Representative: Aaron Katz
  • Loan Type: Refinance

In this transaction, Select Garages secured a refinancing loan from the Bank of Montreal which is represented by Michael Birajiclian, while Aaron Katz represents Select Garages. This financial arrangement is specifically for four parking lot condominium units located in two buildings within the mentioned addresses.

Players

Bank of Montreal (BOM)
Bank of Montreal (BOM)
LENDER
Aaron Katz
Aaron Katz
5 deals$276M volume
LANDLORD

Details

FINANCED
IMAGE: 05/25/2023 ADDRESS: 2373 Broadway & 21 University Place MARKET: Greenwich Village, Manhattan ASSET TYPE: Parking Lot & Condo ~ SF: 89,155 LENDER: Bank of Montreal - Michael Birajiclian LANDLORD: Select Garages - Aaron Katz LOAN AMOUNT: $44,000,000 LOAN TYPE: Refinance NOTE: Select Garages secured a refinancing loan of $44 million from Bank of Montreal for four parking lot condominium units located in two buildings at 2373 Broadway in the Upper West Side and 21 University Place in Greenwich Village, Manhattan.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$44,000,000.00

Monthly NOI$293,333.33
Monthly Debt Service$278,109.93
Change in Cash Flow$0.00
Refinance Proceeds$0.00