Fort Amsterdam Capital Provides $16.5M Bridge Loan For Mixed-Use Property On Lower East Side Manhattan
195 Chrystie Street
$16,520,000
$201/SF
Building Size
81,900 SF
Asset Type
Office
Closing
Dec 21, 2023
AI
The property at 195 Chrystie Street in the Lower East Side of Manhattan has recently undergone a closed transaction. This mixed-use asset spans across 81,900 square feet and has attracted attention from buyers and lenders.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $16,520,000
- Address: 195 Chrystie Street
- Market: Lower East Side, Manhattan
- Lender: Fort Amsterdam Capital - David Schwartz & Evan O'Connor
This deal involved a loan provided by Fort Amsterdam Capital, represented by David Schwartz & Evan O'Connor. The loan amount for this transaction was $16,520,000, and it falls under the bridge loan category.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93