FINANCEDRetail
Rybak Development Secures $24.5 Million Loan For Retail Acquisition At 8 East 30th Street
8 East 30th Street
$24,500,000
Building Size
—
Asset Type
Retail
Closing
Oct 27, 2026
About this deal
AI
The property involved in this transaction is a retail asset located at 8 East 30th Street in the NoMad neighborhood of Manhattan. The loan amount associated with this property transaction is $24,500,000, categorizing it as an acquisition type loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,500,000
- Lender: Jesse Hutcher - Derby Copeland
- Borrower: Sergey Rybak, Jason Reznik, Mitch Chalhoub - Rybak Development
- Broker Representatives: Scott Miller & Rael Gervis - Meridian Capital Group
This transaction features key individuals such as Jesse Hutcher, who acts as the lender from Derby Copeland, while the borrowers include Sergey Rybak, Jason Reznik, and Mitch Chalhoub from Rybak Development. The brokerage representatives handling this deal are Scott Miller and Rael Gervis, who are affiliated with Meridian Capital Group.
On the Map
$24,500,000
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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93