Albert Dweck Of Duke Properties And Steven J. Ancona Of Flatiron Real Estate Advisors Secure $7.9M Refinance From CPC For Two Fulton Street Properties
68 Fulton Street & 64 Fulton Street
$7,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 23, 2026
AI
The transaction involves two office properties located at 68 Fulton Street and 64 Fulton Street in Manhattan’s Financial District. The assets are classified as MultiFamily, totaling 40,564 square feet of built space and encompassing six residential units. A refinancing loan amount of $7,900,000 was secured through the Community Preservation Corporation (CPC).
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,900,000
- Lender: Community Preservation Corporation (CPC)
- Landlord: Albert Dweck - Duke Properties, Steven J. Ancona - Flatiron Real Estate Advisors & Oceanica Partners
- Loan Type: Refinance
Key parties involved in the refinancing transaction include landlords Albert Dweck representing Duke Properties and Steven J. Ancona representing both Flatiron Real Estate Advisors and Oceanica Partners, reflecting their collaborative efforts in this deal.
Players
Fulton 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
2.01%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93