Alberto Smeke And Sal Smeke Secure $83.5 Million Construction Loan At 136 East 57th Street
136 East 57th Street
$83,500,000
Building Size
—
Asset Type
Other
Closing
Oct 13, 2026
About this deal
AI
The asset involved in this transaction is located at 136 East 57th Street in Manhattan. It is categorized as an Other asset type. The loan amount secured for this construction project is $83,500,000.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $83,500,000
- Lender: Alan Lebovits & Louis Lebovits - Bridge City Capital
- Borrower: Alberto Smeke & Sal Smeke - CSC Real Estate
- Landlord's Representative: Morris Betesh & Louis Halperin - Arrow Real Estate Advisors
The transaction involves key participants including Alan Lebovits and Louis Lebovits representing the lending entity, Bridge City Capital. The borrowers are Alberto Smeke and Sal Smeke, associated with CSC Real Estate. The landlord's interests are represented by Morris Betesh and Louis Halperin from Arrow Real Estate Advisors, detailing a collaborative effort in this construction financing agreement.
On the Map
$83,500,000
Other
View full map
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93