Meridian Capital Group Secures $12.25M Refinance Loan For Multifamily Properties On Upper East Side
1225 Park Avenue, New York City, New York 10128, United States
$12,250,000
$36/SF
Building Size
335,000 SF
Asset Type
MultiFamily
Closing
Feb 9, 2022
AI
The loan for the property located at 1225 Park Avenue and 525 West End Avenue in the Upper East Side has been refinanced. The multifamily asset spans a total square footage of 335,000. The loan amount for this refinance is $12,250,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,250,000
The loan transaction was facilitated by Josh Rhine and Ezra Sutton from the Meridian Capital Group. They represented the parties involved in the deal and played a key role in the successful refinancing process.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93