Updated Oct 28, 2024
RoundSquare Developers Secures $12.5M Acquisition Loan For West Village Multifamily Property
107 Bank Street, Manhattan, New York, NY, USA
$12,500,000
$1,923/SF
Building Size
6,500 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
About this deal
AI
Located in the West Village neighborhood of Manhattan, the multifamily property at 107 Bank Street has been involved in a recent transaction. Spanning an area of approximately 6,500 square feet, the property is part of the vibrant real estate market in the area.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $12,500,000
- Address: 107 Bank Street, West Village, Manhattan
- Market: West Village, Manhattan
- Lender: Maxim Capital Group
- Landlord: RoundSquare Developers
The transaction involved securing an acquisition loan from Maxim Capital Group. The loan amount of $12,500,000 facilitated the purchase of the multifamily property. RoundSquare Developers acted as the landlord in this transaction, representing the seller of 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93