Financing | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
Financing
  • Event Financing
  • Address 108 West 15th Street
  • Square feet 44,000
  • Price $ 15,330,000
  • Borough Manhattan
  • Neighborhood Chelsea
  • Publication Date 09/01/2009
notes
A $15.33 million first mortgage over a five-year term was provided to refinance the property, at a 5.625 percent interest rate. Stonehenge bought the building in June 1997 for $5.84 million with $2.4 million in equity. The property was first refinanced in 2002 for around $6 million and was again refinanced in 2004 for $11.6 million. 6-story apartment building, 55 units total.