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39 Carmine Street

Updated Nov 5, 2023

Janusz Sendowski Secures $28.7M Refinance Loan From Deutsche Bank For Multifamily & School Buildings
FINANCEDMultiFamily

Janusz Sendowski Secures $28.7M Refinance Loan From Deutsche Bank For Multifamily & School Buildings

39 Carmine Street

$28,700,000

$470/SF

Building Size

60,989 SF

Asset Type

MultiFamily

Closing

Aug 8, 2023

About this deal

AI

Janusz Sendowski has secured a $28.7 million refinancing loan from Deutsche Bank Trust Company Americas for two properties in Greenwich Village, Manhattan, and Mott Haven, Bronx. The properties include a 20-unit residential walkup building located at 39 Carmine Street in Greenwich Village, Manhattan, and a charter school building at 423 East 138th Street in Mott Haven, Bronx. The total square footage of these properties is 60,989 square feet.

Summary of transaction details

  • Property Type: Multifamily & School
  • Transaction Amount: $28,700,000
  • Address: 39 Carmine Street & 423 East 138th Street
  • Market: Greenwich Village, Manhattan & Mott Haven, Bronx
  • Lender: Deutsche Bank - Timothy Donahoe & John Skorupski
  • Landlord: Janusz Sendowski

The loan secured by Janusz Sendowski for these properties was a refinance loan. The lender, Deutsche Bank, was represented by Timothy Donahoe and John Skorupski. This transaction provides financial stability for the properties and allows Janusz Sendowski to handle any necessary expenses or future projects.

Players

Deutsche Bank
Deutsche BankLender

Carmine MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $470 per square foot on a published $28.7M for 60,989 square feet (2023).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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