Rockrose Development Secures $69,561,000 Refinance Loan From Freddie Mac For Multifamily Asset
100 Jane Street
$69,561,000
$688/SF
Building Size
101,013 SF
Asset Type
MultiFamily
Closing
May 19, 2026
AI
The property asset involved in this transaction is a multifamily building located at 100 Jane Street, situated in the West Village, Manhattan. The asset encompasses a total square footage of 101,013 and consists of 148 units. The deal involved a refinance loan amount of $69,561,000 provided by Freddie Mac.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $69,561,000
- Address: 100 Jane Street
- Market: West Village, Manhattan
- Asset Square Footage: 101,013
- Units: 148
- Lender: Freddie Mac
- Landlord: Rockrose Development
- Brokers: Steven Klein, Geoff Goldstein & Michael Shmuely - JLL
The key individuals involved in this deal are brokers Steven Klein, Geoff Goldstein, and Michael Shmuely, who represent the interests of the landlord, Rockrose Development, in this refinancing transaction. Their collaboration facilitated the acquisition of financing for the property.
Players
New York 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93