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Capital One Provides $19.1M Loan For Multifamily Properties In Chelsea

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FINANCED
$19,100,000

New York

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MultiFamily20,630 SF
Financed 07/23/2021
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FINANCED

Capital One Provides $19.1M Loan For Multifamily Properties In Chelsea

126 West 25th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily20,630 SF
Financed 07/23/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$925
Total Square Footage:20,630 SF
Transaction Type:Loan

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

LENDER

5 deals$70.2M volume
LANDLORD

Details

FINANCED
IMAGE: 07/23/2021 ADDRESS: 126 West 25th Street, 124 West 25th Street MARKET: Chelsea ASSET TYPE: Multifamily LENDER: Capital One LANDLORD: Sabet Group - Alfred Sabetfard LOAN AMOUNT: $19,100,000 SF: 20,630

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$19,100,000.00

Monthly NOI$127,333.33
Monthly Debt Service$120,724.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00