Fort Amsterdam Capital Provides $16.5M Bridge Loan For Mixed-Use Property On Lower East Side Manhattan
FINANCED
$16,520,000
New York
See Similar DealsOffice81,900 SF
Financed 12/21/2023
FINANCED
Fort Amsterdam Capital Provides $16.5M Bridge Loan For Mixed-Use Property On Lower East Side Manhattan
195 Chrystie Street
See Similar DealsOffice81,900 SF
Financed 12/21/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$201
Total Square Footage:81,900 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,520,000.00
Monthly NOI$110,133.33
Monthly Debt Service$104,417.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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