facebook
Traded Co logo
Submit

Meridian Capital Group Secures $31.9M Refinance Loan For Financial District Retail/Office Property

Property Image
FINANCED
$31,915,000
Samuel (Sam) Katz
David Hayum
+ 1

New York

See Similar Deals
Retail53,634 SF
Financed 05/11/2023
the dealplayerscompscontact
Property Image
FINANCED

Meridian Capital Group Secures $31.9M Refinance Loan For Financial District Retail/Office Property

25 Church St New York, NY 10007, USA

See Similar Deals
Retail53,634 SF
Financed 05/11/2023
Samuel (Sam) Katz
David Hayum
+ 1
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$595
Total Square Footage:53,634 SF
Transaction Type:Loan

The property involved in this closed transaction is a retail/office space located at 25 Church Street in the Financial District of New York, NY. The property spans an area of 53,634 square feet.

Summary of transaction details

  • Property Type: Retail/Office
  • Transaction Amount: $31,915,000
  • Address: 25 Church Street
  • Market: Financial District – New York, NY

The deal was facilitated by Meridian Capital Group, with brokers David Oheb, David Hayum, John Bianco, and Sam Katz representing the parties involved. The lender in this transaction was Bank of America, specifically through their Balance Sheet financing.

The major tenants of the property include Mercer Labs Museum of Art and Technology and Century 21 Downtown Manhattan Flagship.

For more information on how Meridian can add value to your portfolio, please contact David Oheb at 212-612-0193 or [email protected], and David Hayum at 212-612-0289 or [email protected].

Players

David Hayum
21 deals$877.7M volume
BROKER

David Oheb
Meridian Capital Group
77 deals$821.5M volume(212) 612-0193
BROKER

Samuel (Sam) Katz
Meridian Capital Group
6 deals$123.1M volume
BROKER

John Bianco
Meridian Capital Group
31 deals$427.7M volume
BROKER

Bank of America
LENDER

Details

FINANCED
IMAGE: Samuel Katz, David Oheb, John Bianco & David Hayum DATE: 05/11/2023 ADDRESS: 25 Church Street MARKET: Financial District – New York, NY ASSET TYPE: Retail/Office ~ SF: 53,634 BROKERS: David Oheb (@TeamOheb), David Hayum, John Bianco (@JohnBianco27), Sam Katz – Meridian Capital Group (@Meridian.Capital.Group) LENDER: Bank of America (Balance Sheet) MAJOR TENANTS: Mercer Labs Museum of Art and Technology & Century 21 Downtown Manhattan Flagship LOAN AMOUNT: $31,915,000 LOAN TYPE: Refinance NOTE FROM BROKER: For more information on how Meridian can add value to your portfolio please contact: David Oheb | 212-612-0193 | [email protected] David Hayum | 212-612-0289 | [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$31,915,000.00

Monthly NOI$212,766.67
Monthly Debt Service$201,724.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00