Updated Sep 11, 2026
Neil Bender Of William Gottlieb Real Estate Secures $25.7M Refinance From Webster Bank For Multifamily Properties
400 East 53rd Street, 284 Mulberry Street, 286 Mulberry Street, 243 Henry Street & 245 Henry Street
$25,700,000
Units
113
Asset Type
MultiFamily
Closing
Jul 29, 2026
About this deal
AI
The transaction involves five multifamily walkup buildings located at 400 East 53rd Street, 284-286 Mulberry Street, and 243-245 Henry Street in Manhattan. The properties consist of a total of 113 residential units. The refinance loan was secured for an amount of $25.7 million through Webster Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,700,000
- Lender: Webster Bank
- Landlord: Neil Bender - William Gottlieb Real Estate
- Units: 113
- Market: Manhattan
Neil Bender, representing William Gottlieb Real Estate, was involved in the refinancing of the properties, which are situated in Turtle Bay, Nolita, and the Lower East Side areas of Manhattan.
Players
Grainfield 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93