Updated Oct 29, 2024
Arbor Realty Trust Provides $17.3M Loan For New Rochelle Multifamily Property
11 Burling Lane, New Rochelle, NY 10801
$17,319,000
$33,564/SF
Building Size
516 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
An multifamily property located at 11 Burling Lane in New Rochelle, Westchester has recently closed a loan transaction. The loan was facilitated by Arbor Realty Trust and the lender's representative was David Ohana.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $17,319,000
- Loan Terms: Full term 10 year IO
Detailed information about the deal's key individuals and companies involved in the loan transaction is as follows:
- Lender: Arbor Realty Trust - David Ohana
The multifamily loan at 11 Burling Lane, New Rochelle, NY 10801 in City of New Rochelle, New York financed for $17.3M in 2021. The building is 516 square feet, implying about 33.6K per square foot on the published price. Named participants on the 11 Burling Lane, New Rochelle, NY 10801 loan are David Ohana. This page is the City of New Rochelle, New York file for the 11 Burling Lane, New Rochelle, NY 10801 multifamily financed: pricing, party profiles, and other closed multifamily comps from the same City of New Rochelle sit in the Market section below. Filter that City of New Rochelle multifamily set by closing date to see what else financed near 11 Burling Lane, New Rochelle, NY 10801 around 2021. Published consideration for 11 Burling Lane, New Rochelle, NY 10801 is $17.3M, dated 2021. Cite this Arbor Realty Trust Provides $17.3M Loan For New Rochelle Multifamily Property loan when underwriting similar multifamily product around City of New Rochelle, New York.
Players
City of New Rochelle 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93