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Greystone Management Secures $25.3 Million Refinance From Bank Of New York Mellon For SoHo Office
FINANCED
$25,300,000
New York
See Similar DealsOffice54,800 SF
Financed 06/02/2025
FINANCED
Greystone Management Secures $25.3 Million Refinance From Bank Of New York Mellon For SoHo Office
75 77 Spring Street
See Similar DealsOffice54,800 SF
Financed 06/02/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$461
Total Square Footage:54,800 SF
Transaction Type:Loan
The asset involved in the transaction is a nine-story office building located at 75-77 Spring Street in SoHo, Manhattan. The total square footage of the property is 54,800, and it is part of a refinancing deal valued at $25,300,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,300,000
- Address: 75-77 Spring Street
- Market: SoHo, Manhattan
- Lender: Bank of New York Mellon
- Landlord: Anne Goldrach - Greystone Management
- Loan Type: Refinance
Anne Goldrach of Greystone Management is the landlord associated with this property, which was originally acquired in 1972 and underwent renovations in 2005. The refinancing was secured from Bank of New York Mellon, indicating a strategic financial maneuver for the management of this office asset.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$25,300,000.00
Monthly NOI$168,666.67
Monthly Debt Service$159,913.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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