Updated Mar 6, 2025
BMO Provides $44M Refinance Loan For Package Deal In New York
30 E 9th St New York, Ny 10003, Usa & 260 West 87th Street
$44,000,000
$246/SF
Building Size
89,176 SF
Asset Type
Package Deal
Closing
May 25, 2023
About this deal
AI
Two multi-building properties located at 30-40-60 East 9th Street and 260 West 87th Street in New York have been involved in a recent transaction. The package deal consists of a total of 89,176 square feet of space.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $44,000,000
- Lender: BMO
- Brokers: Morris Betesh & Omar Ferreira - Meridian Capital Group
- Loan Type: Refinance
BMO, a prominent lender, facilitated the transaction with a loan amount of $44,000,000. The brokers who represented the parties involved in the deal were Morris Betesh and Omar Ferreira, both from the Meridian Capital Group.
On the Map
$44,000,000
$246/SF
Package Deal
View full map
Players
New York Package Deal Market Snapshot
Boundary boundary · Package Deal · Loan transactions
Loading comparables…
Deal FAQ
Visit Aaron Katz to view all their deals.
Browse New York package deal loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93