PH Realty Capital Refinances Mixed-Use Portfolio In Lenox Hill For $183M
New York City, New York
$183,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 6, 2022
AI
The mixed-use property asset involves a loan amount of $183,000,000 for refinancing across multiple addresses including 114 E. 71st St., 1107 1st Ave., 1109 1st Ave., 232 W. 74th St., and several others within the Lenox Hill market, encompassing a total square footage of 25,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $183,000,000
- Market: Lenox Hill
- Lender: Debt Fund
- Landlord: PH Realty Capital
- Broker: Nate Hyman - Polaris Funding
- Loan Type: Refinance
This transaction highlights the roles of key participants, including lender Debt Fund and landlord PH Realty Capital, with broker Nate Hyman representing Polaris Funding in the refinance deal.
Players
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
0.09%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93