FINANCEDMultiFamily
Capital One Provides $19.1M Loan For Multifamily Properties In Chelsea
126 West 25th Street, Manhattan, New York, NY, USA
$19,100,000
$925/SF
Building Size
20,630 SF
Asset Type
MultiFamily
Closing
Jul 22, 2021
AI
The multifamily property located at 126 West 25th Street and 124 West 25th Street in Chelsea has been involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $19,100,000
- Square Footage: 20,630
- Address: 126 West 25th Street, 124 West 25th Street
- Market: Chelsea
The lender for this transaction was Capital One. The landlord of the property is the Sabet Group, represented by Alfred Sabetfard.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93