Updated Oct 28, 2024
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
About this deal
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.
The multifamily loan at 126 West 25th Street, Manhattan, New York, NY, USA in New York, New York financed for $19.1M in 2021. The building is 20,630 square feet, implying about 925 per square foot on the published price. Named participants on the 126 West 25th Street, Manhattan, New York, NY, USA loan are Alfred Sabetfard. This page is the New York, New York file for the 126 West 25th Street, Manhattan, New York, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 126 West 25th Street, Manhattan, New York, NY, USA around 2021. Published consideration for 126 West 25th Street, Manhattan, New York, NY, USA is $19.1M, dated 2021. Cite this Capital One Provides $19.1M Loan For Multifamily Properties In Chelsea loan when underwriting similar multifamily product around New York, New York.
Players
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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