Updated Oct 25, 2024
Meridian Capital Group Secures $10M Refinance Loan For Multifamily Property At 77 East 3rd Street In New York
77 East 3rd Street
$10,000,000
$907/SF
Building Size
11,025 SF
Asset Type
MultiFamily
Closing
Nov 4, 2022
About this deal
AI
The multifamily property located at 77 East 3rd Street in New York has recently undergone a loan transaction. The property spans across approximately 11,025 square feet and is owned by Jonathan and Ariel Soudry.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Loan Type: Refinance
The loan, amounting to $10,000,000, was secured to refinance the property. The deal was facilitated by the Meridian Capital Group, with brokers Isaac Filler, Yossi Koschitzki, and Elliot Levy representing the interests of the parties involved.
Players
New York 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93