Signature Bank Refinances Multifamily Property On Manhattan's West 73rd Street For $56M
FINANCED
$56,000,000
New York
See Similar DealsMultiFamily69,801 SF
Financed 08/08/2022
FINANCED
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
See Similar DealsMultiFamily69,801 SF
Financed 08/08/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$802
Total Square Footage:69,801 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$56,000,000.00
Monthly NOI$373,333.33
Monthly Debt Service$353,958.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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