Signature Bank Provides $7.3M Loan For Retail Property At 184 Thompson Street In Greenwich Village
184 Thompson Street, Manhattan, New York, NY, USA
$7,300,000
$74/SF
Building Size
98,134 SF
Asset Type
Retail
Closing
Mar 7, 2021
AI
184 Thompson Street, located in Greenwich Village, has been involved in a recent loan transaction. The retail property secured a loan amount of $7,300,000. The deal took place on March 8, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,300,000
- Lender: Signature Bank - Joseph Fingerman
- Landlord: Broad Street Development - Ray Chalme
- Brokers: Michael Gigliotti, Brian Buglione, and Solomon Michailow from JLL
The loan was provided by Joseph Fingerman, representing Signature Bank. Ray Chalme, from Broad Street Development, acted as the landlord in this transaction. Michael Gigliotti, Brian Buglione, and Solomon Michailow, all from JLL, served as brokers.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93