Updated Dec 14, 2024
Valley National Bank Provides $45.8M Refinance Loan For Multifamily Property In SoHo
11 Greene Street, New York City, New York 10013, United States
$45,800,000
$585/SF
Building Size
78,292 SF
Asset Type
MultiFamily
Closing
Sep 22, 2022
About this deal
AI
The multifamily property located at 11 Green Street (335 Canal Street) in SoHo has undergone a loan refinance transaction. The property has a total square footage of 78,292 and consists of 36 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,800,000
- Market: SoHo
- Lender: Valley National Bank
- Loan Type: Refinance
- Units: 36
Valley National Bank provided a loan of $45,800,000 for the refinance of the multifamily property at 11 Green Street (335 Canal Street). The loan transaction took place on the date of 09/23/2022.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93