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
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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93