KPG Funds Secures $9M Refi Loan For Retail Condo At 102 Chambers St In Tribeca
330 W 87th St New York, Ny 10024, Usa
$8,968,000
$2,906/SF
Building Size
3,086 SF
Asset Type
Retail
Closing
May 9, 2023
AI
A retail condo located at 102 Chambers Street in Tribeca, Manhattan has a total square footage of 3,086. KPG Funds has secured a refinancing loan valued at $8,968,000 with Ready Capital.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,968,000
- Lender: Ready Capital - Melissa Perez
- Landlord: KPG Funds - Gregory Kraut
- Loan Type: Refinance
The transaction involves key individuals including Melissa Perez, representing Ready Capital, and Gregory Kraut, representing KPG Funds as the landlord in this refinancing deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.77%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93