Isaac Filler & Yossi Koschitzki Of Meridian Capital Group Secure $21M Loan For 1380 Riverside Dr Acquisition
1380 Riverside Dr, New York, NY 10033, USA
$21,000,000
$147/SF
Building Size
142,600 SF
Asset Type
Other
Closing
Jul 18, 2019
AI
The property at 1380 Riverside Dr has been involved in a closed transaction. The property spans a total of 142,600 square feet, and the loan amount for the transaction was $21,000,000. The landlord of the property is Vincent Garrow, and the lender for the transaction was New York Community Bank. The mortgage broker responsible for the deal was Isaac Filler & Yossi Koschitzki from Meridian Capital Group.
Summary of transaction details
- Property Type: Not specified
- Transaction Amount: $21,000,000
- Square Footage: 142,600
- Address: 1380 Riverside Dr
- Landlord: Vincent Garrow
- Lender: New York Community Bank
- Mortgage Broker: Isaac Filler & Yossi Koschitzki @meridian.capital.group
Isaac Filler & Yossi Koschitzki from Meridian Capital Group represented the buyer or seller in this transaction, acting as the broker for the deal.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93