Updated Oct 29, 2024
Delshah Capital Acquires Multifamily Property In Staten Island For $174.3M
140 Park Hill Ave #180, Staten Island, Ny 10304, Usa
$174,300,000
$426/SF
Building Size
408,800 SF
Asset Type
MultiFamily
Closing
May 4, 2020
About this deal
AI
The multifamily property located at 140-180 Park Hill Ave in Staten Island has been involved in a closed transaction. The property consists of 396 units and is owned by Delshah Capital. The deal was financed by Deutsche Bank, with a loan amount of $174,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $174,300,000
- Address: 140-180 Park Hill Ave
- Market: Staten Island
- Units: 396
- Landlord: Delshah Capital
- Lender: Deutsche Bank
The involvement of Deutsche Bank in providing the loan for this transaction highlights their role as a lender in the real estate market. Delshah Capital, as the property's landlord, has successfully completed this deal, further solidifying their presence in the multifamily sector.
Players
Staten Island MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93