Meridian Capital Group Arranges $26M Loan For Retail Property At 14 Vesey Street
14 Vesey Street, Manhattan, New York, NY, USA
$26,000,000
$865/SF
Building Size
30,029 SF
Asset Type
Retail
Closing
May 6, 2021
About this deal
AI
The retail property located at 14 Vesey Street in the Financial District, Manhattan has been involved in a closed transaction. The property is zoned as C5-3, LM and is owned by the New York County Law Association.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $26,000,000
- Square Footage: 30,029 SF
- Address: 14 Vesey Street
- Market: Financial District, Manhattan
- Lender: Jack Terzi & Morris Betesh - Meridian Capital Group
- Landlord: New York County Law Association
The loan for the property was provided by Jack Terzi & Morris Betesh of Meridian Capital Group. They represented the lender in the 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93