facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

110 Horatio Street

Rockrose Development Secures $80 Million Refinance Loan From AXA IM Alts For West Village Multifamily
FINANCEDMultiFamily

Rockrose Development Secures $80 Million Refinance Loan From AXA IM Alts For West Village Multifamily

110 Horatio Street

$80,000,000

$851/SF

Building Size

94,000 SF

Asset Type

MultiFamily

Closing

Apr 14, 2025

AI

The property asset involved in this transaction is located at 110 Horatio Street in the West Village market. It is a multifamily property consisting of 94,000 square feet and comprising 152 units. The transaction represents a refinance loan amounting to $80,000,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $80,000,000
  • Address: 110 Horatio Street
  • Market: West Village
  • Asset Size: 94,000 square feet
  • Units: 152
  • Lender: AXA IM Alts
  • Landlord: Rockrose Development
  • Brokers: Steven Klein & Geoff Goldstein - JLL
  • Loan Type: Refinance

Key individuals involved in the transaction include the landlord, Rockrose Development, and the brokers, Steven Klein and Geoff Goldstein from JLL, who facilitated the loan process with AXA IM Alts. The combination of these entities contributed to the successful refinancing of the multifamily asset.

Players

Geoff Goldstein

JLL

Broker

$8B

vol

56 deals

Broker
Rockrose Development
Rockrose DevelopmentLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.20%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93