Apollo Global Management Provides $238.8M Loan For Midtown West Multifamily Property
FINANCED
$238,790,283
New York
See Similar DealsMultiFamily266 SF
Financed 10/08/2022
FINANCED
Apollo Global Management Provides $238.8M Loan For Midtown West Multifamily Property
111 West 57th Street, New York City, New York 10019, United States
See Similar DealsMultiFamily266 SF
Financed 10/08/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$897,707
Total Square Footage:266 SF
Transaction Type:Loan
The multifamily property located at 111 West 57th Street in Midtown West has been involved in a recent transaction. The property spans approximately 266,639 square feet and consists of 49 units. The transaction details are as follows:
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $238,790,283
- Address: 111 West 57th Street
- Market: Midtown West
- Landlord: JDS Development Group - Kevin Maloney & Michael Z. Stern
- Lender: Apollo Global Management - Jeffrey Horowitz
In this deal, Apollo Global Management, represented by Jeffrey Horowitz, acted as the lender. The landlord of the property is JDS Development Group, represented by Kevin Maloney and Michael Z. Stern.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$238,790,283.00
Monthly NOI$1,591,935.22
Monthly Debt Service$1,509,317.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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