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Harlan Berger Of Centaur Properties Secures $23M Refinance Loan For Flatiron District Office

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FINANCED
$23,000,000

New York

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Office100,000 SF
Financed 11/12/2025
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FINANCED

Harlan Berger Of Centaur Properties Secures $23M Refinance Loan For Flatiron District Office

33 East 21st Street

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Office100,000 SF
Financed 11/12/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$230
Total Square Footage:100,000 SF
Transaction Type:Loan

The asset involved in this transaction is an office property located at 33 East 21st Street in the Flatiron District of Manhattan, with a total square footage of 100,000. The property is part of the office market and has undergone a refinancing process with a new loan amounting to $23,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $23,000,000
  • Previous Loan Amount: $20,000,000
  • Previous Lender: Webster Bank
  • Lender: Customers Bank
  • Landlord: Harlan Berger
  • Landlord's Company: Centaur Properties

The refinancing of this property was facilitated by Harlan Berger, representing Centaur Properties, allowing for a restructuring of the financial obligations attached to the asset. The transition from Webster Bank to Customers Bank reflects a strategic move to optimize financing for the landlord's portfolio.

Players

LENDER

Details

FINANCED
IMAGE: Harlan Berger DATE: 11/12/2025 ADDRESS: 33 East 21st Street MARKET: Flatiron District, Manhattan ASSET TYPE: Office ~ SF: 100,000 LENDER: Customers Bank (@CustomersBank) LANDLORD: Harlan Berger - Centaur Properties LOAN AMOUNT: $23,000,000 LOAN TYPE: Refinance NOTE: Centaur Properties refinanced its Flatiron District office building at 33 East 21st Street with a $23M loan from Customers Bank, up from the prior $20M debt held by Webster Bank.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$23,000,000.00

Monthly NOI$153,333.33
Monthly Debt Service$145,375.65
Change in Cash Flow$0.00
Refinance Proceeds$0.00