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.
On the Map
$174,300,000
$426/SF
MultiFamily
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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