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Delshah Capital Acquires Multifamily Property In Staten Island For $174.3M

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FINANCED
$174,300,000

California

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MultiFamily408,800 SF
Financed 05/05/2020
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FINANCED

Delshah Capital Acquires Multifamily Property In Staten Island For $174.3M

140 Park Hill Ave #180, Staten Island, Ny 10304, Usa

See Similar Deals
MultiFamily408,800 SF
Financed 05/05/2020
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$426
Total Square Footage:408,800 SF
Transaction Type:Loan

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

Deutsche Bank
Deutsche Bank
LENDER
Delshah Capital
Delshah Capital
LANDLORD

Details

FINANCED
IMAGE: Shah & Christian Sewing DATE: 05/05/2020 ADDRESS: 140-180 Park Hill Ave MARKET: Staten Island ASSET TYPE: Multifamily LENDER: Deutsche Bank LANDLORD: Delshah Capital LOAN AMOUNT: $174,300,000 UNITS: 396

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$174,300,000.00

Monthly NOI$1,162,000.00
Monthly Debt Service$1,101,694.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00