CW Realty Refinances 10-Unit Multifamily Property On Upper East Side With $6M Loan From JG Funding Corp
SOLD
New York
See Similar DealsSold 07/28/2022
SOLD
CW Realty Refinances 10-Unit Multifamily Property On Upper East Side With $6M Loan From JG Funding Corp
1363 1st Ave.
See Similar DealsSold 07/28/2022
Summary
NEW YORK
Transaction Type:Sale
A multifamily property located at 1363 1st Ave. in the Upper East Side neighborhood has recently undergone a refinancing transaction. The property spans approximately 6,000 square feet and consists of 10 units, offering a valuable investment opportunity in the sought-after Upper East Side market. The transaction involved a loan amount of $6,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 1363 1st Ave.
- Market: Upper East Side
- Square Footage: 6,000
- Units: 10
Notably, JG Funding Corp provided the loan for this refinancing transaction. As the lender, they played a crucial role in facilitating the deal. CW Realty, on the other hand, serves as the landlord of the property. Their involvement in the transaction further highlights their presence in the real estate market.
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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