Updated Dec 4, 2024
BentallGreenOak & Slate Property Group Refinances Hell’s Kitchen Multifamily For $163.4M
770 Eighth Avenue
$163,399,503
Units
464
Asset Type
MultiFamily
Closing
Mar 17, 2023
About this deal
AI
Located at 770 Eighth Avenue in Hell's Kitchen, this multifamily property consists of 464 units. The property is owned by BentallGreenOak and Slate Property Group, with Matthew Cervino serving as the representative for the landlords.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $163,399,503
- Address: 770 Eighth Avenue
- Market: Hell's Kitchen
- Units: 464
Affinius Capital, represented by Brad Cohen, provided a refinance loan amounting to $163,399,503 on the property. This transaction was completed on March 17, 2023.
The multifamily loan at 770 Eighth Avenue in Montrose, British Columbia financed for $163.4M in 2023. 770 Eighth Avenue is classified as Multifamily on Traded. This page is the Montrose, British Columbia file for the 770 Eighth Avenue multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Montrose sit in the Market section below. Filter that Montrose multifamily set by closing date to see what else financed near 770 Eighth Avenue around 2023. Published consideration for 770 Eighth Avenue is $163.4M, dated 2023. Cite this BentallGreenOak & Slate Property Group Refinances Hell’s Kitchen Multifamily For $163.4M loan when underwriting similar multifamily product around Montrose, British Columbia.
Players
Montrose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93