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77 East 3rd Street

Meridian Capital Group Secures $10M Refinance Loan For Multifamily Property At 77 East 3rd Street In New York
FINANCEDMultiFamily

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

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

Isaac Filler

Filler Capital

Broker

$1.7B

vol

77 deals

Broker

Jonathan Soudry

Better Living Properties

Landlord

$165M

vol

6 deals

Landlord
BP
Better Living PropertiesLandlord

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