Updated Mar 11, 2025
JAM Real Estate Partners Secures $9.2M Acquisition Loan For Multifamily At 1269-1271 First Avenue
1269 1st Avenue & 1271 1st Avenue
$9,200,000
$297/SF
Building Size
15,490 SF
Asset Type
MultiFamily
Closing
Dec 27, 2024
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 1269-1271 First Avenue in the Upper East Side market. This asset has a total square footage of 15,490 and is associated with an acquisition loan amount of $9,200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Lender: Derby Copeland Capital
- Landlord: JAM Real Estate Partners
- Broker: Daniel Fromm & Max Ralby - Newmark
- Loan Type: Acquisition
Key individuals and companies involved in the deal include Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate-related debt financing and equity investments. The firm's registered investment adviser is Derby Copeland Management Group, LLC.
On the Map
$9,200,000
$297/SF
MultiFamily
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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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93