Lalezarian Properties Secures $20.5M Loan For 21-Story Residential Building In Soho
100 Charlton St, New York, NY 10014, USA
$20,500,000
Units
61
Asset Type
Other
Closing
Nov 11, 2019
About this deal
AI
A 21-story residential building with 61 units is set to rise at 100-102 Charlton Street in Soho. The project will span 59,000 square feet and is being developed by Lalezarian Properties.
Summary of transaction details
- Property Type: Residential Building
- Transaction Amount: $20,500,000
- Market: Soho
- Lender: Wells Fargo
- Landlord: Lalezarian Properties
Kevin Lalezarian of Lalezarian Properties represents the landlord in this deal.
The other loan at 100 Charlton St, New York, NY 10014, USA in New York, New York financed for $20.5M in 2019. 100 Charlton St, New York, NY 10014, USA is classified as Other on Traded. This page is the New York, New York file for the 100 Charlton St, New York, NY 10014, USA other financed: pricing, party profiles, and other closed other comps from the same New York sit in the Market section below. Filter that New York other set by closing date to see what else financed near 100 Charlton St, New York, NY 10014, USA around 2019. Published consideration for 100 Charlton St, New York, NY 10014, USA is $20.5M, dated 2019. Cite this Lalezarian Properties Secures $20.5M Loan For 21-Story Residential Building In Soho loan when underwriting similar other product around New York, New York.
Players
New York Other Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93