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
About this deal
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.
On the Map
$16,520,000
$201/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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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