TD Bank Provides $3.02M Loan For Retail Condo In Tribeca
FINANCED
$3,022,500
New York
See Similar DealsRetail19,260 SF
Financed 09/02/2020
FINANCED
TD Bank Provides $3.02M Loan For Retail Condo In Tribeca
146 Chambers St, New York, NY 10007, USA
See Similar DealsRetail19,260 SF
Financed 09/02/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$156
Total Square Footage:19,260 SF
Transaction Type:Loan
An retail condo located at 146 Chambers Street in Tribeca has been involved in a recent loan transaction. The property spans 1,926 square feet and is zoned as C6-3A. The lot size measures 25.08 feet by 76.08 feet. In this deal, a loan amount of $3,022,500 was secured with a fixed interest rate of 2.57% for a term of 5 years.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $3,022,500
- Loan Terms: 5 Years Fixed Rate of 2.57%
- SF: 1,926
- Zoning: C6-3A
- TMU Lot Size: 25.08 ft x 76.08 ft
The lender for this loan transaction was TD Bank. The landlord of the property is Jeffrey Gerson. The deal was facilitated by Simon Rosenfeld from Meridian Capital Group, representing the borrower in the transaction.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$3,022,500.00
Monthly NOI$20,150.00
Monthly Debt Service$19,104.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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