Scott Van Der Marck & Maxwell Nemerow Of Citizens Private Bank Provides $6.5M Refinance Loan For Retail Asset
92 Delancey Street
$6,500,000
Building Size
—
Asset Type
Retail
Closing
Jan 22, 2026
AI
The property asset involved in this transaction is a retail location situated at 92 Delancey Street in the Lower East Side market. The transaction involves a refinance loan with an amount of $6,500,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,500,000
- Lender: Scott van der Marck & Maxwell Nemerow - Citizens Private Bank
- Broker: Daniel Kowalsky - HKS Real Estate Advisors
- Loan Type: Refinance
- Transaction Date: 1/23/2026
The key individuals involved in this transaction include the lenders Scott van der Marck and Maxwell Nemerow from Citizens Private Bank, along with broker Daniel Kowalsky from HKS Real Estate Advisors representing the deal. This transaction highlights their roles in facilitating the refinance process for the retail asset.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93