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
About this deal
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.
On the Map
$8,968,000
$2,906/SF
Retail
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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