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195 Chrystie Street

Fort Amsterdam Capital Provides $16.5M Bridge Loan For Mixed-Use Property On Lower East Side Manhattan
FINANCEDOffice

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

David Schwartz

Waterton

Broker

$2.9B

vol

41 deals

Broker
David Schwartz

David Schwartz

Fort Amsterdam Capital

Lender

$2.9B

vol

41 deals

Lender
Fort Amsterdam Capital
Fort Amsterdam CapitalLender

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