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Mordehy Haber Secures $22.5M Refinancing Loan From Israel Discount Bank For Manhattan Multifamily Properties

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FINANCED
$22,500,000

New York

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MultiFamily123,387 SF
Financed 01/31/2025
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FINANCED

Mordehy Haber Secures $22.5M Refinancing Loan From Israel Discount Bank For Manhattan Multifamily Properties

118 East 91st Street, 338 East 53rd Street & 150 Manhattan Avenue

See Similar Deals
MultiFamily123,387 SF
Financed 01/31/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$182
Total Square Footage:123,387 SF
Transaction Type:Loan

The transaction involves four multifamily residential properties located at 118 East 91st Street, 338 East 53rd Street, and 150 Manhattan Avenue in the Manhattan market. The total square footage of the properties is 41,129, with a combined total of 76 units. The loan secured for refinancing the properties amounts to $22,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $22,500,000
  • Loan Type: Refinance
  • Lender: Israel Discount Bank
  • Landlord: Mordehy Haber

Mordehy Haber is the landlord associated with the refinancing of the properties. The loan was obtained through Israel Discount Bank, indicating a financial partnership aimed at enhancing the portfolio of residential real estate in Manhattan.

Players

LENDER

Details

FINANCED
IMAGE: 01/31/2025 ADDRESS: 118 East 91st Street, 338 East 53rd Street & 150 Manhattan Avenue MARKET: Manhattan ASSET TYPE: Multifamily ~ SF: 41,129 ~ UNITS: 76 LENDER: Israel Discount Bank (@DiscountBank) LANDLORD: Mordehy Haber LOAN AMOUNT: $22,500,000 LOAN TYPE: Refinance NOTE: Mordehy Haber secured a $22.5M refinancing loan from Israel Discount Bank for four Manhattan residential properties totaling 76 units.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,500,000.00

Monthly NOI$150,000.00
Monthly Debt Service$142,215.31
Change in Cash Flow$0.00
Refinance Proceeds$0.00