Updated Feb 16, 2024
Signature Bank Refinances Multifamily Property On Manhattan's West 73rd Street For $56M
106 West 73rd Street, New York City, New York 10023, United States
$56,000,000
$802/SF
Building Size
69,801 SF
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
The multifamily property located at 106 West 73rd Street, 169 9th Avenue, and 635 9th Avenue in Manhattan has recently undergone a refinancing transaction. The property spans approximately 69,801 square feet and consists of 32 units. The loan for this transaction was provided by Signature Bank, with Robert Malta serving as the landlord.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $56,000,000
- Date: 08/08/2022
- Address: 106 West 73rd Street, 169 9th Avenue & 635 9th Avenue
- Market: Manhattan
- Loan Type: Refinance
Signature Bank played a key role in this refinancing deal, providing a loan amount of $56,000,000. Robert Malta, the landlord, facilitated the transaction as well.
On the Map
$56,000,000
$802/SF
MultiFamily
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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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93