Updated Oct 19, 2026
Signature Bank Refinances Multifamily Property In East Village, Manhattan For $22.5M
127 2nd Avenue, New York City, New York 10003, United States
$22,500,000
$535,714/SF
Building Size
42 SF
Asset Type
MultiFamily
Closing
Dec 15, 2022
About this deal
AI
An East Village multifamily property located at 127, 129, and 131 2nd Avenue has recently undergone a refinancing loan transaction. The property spans approximately 42,310 square feet and is owned by Jonis Realty, represented by Joshua D. Halegua. The loan, provided by Signature Bank and facilitated by Mark Kraehling, amounted to $22,500,000.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Address: 127, 129 & 131 2nd Avenue
- Market: East Village, Manhattan
- Loan Type: Refinance
In this transaction, Jonis Realty, headed by Joshua D. Halegua, secured a refinancing loan of $22,500,000 for their multifamily property located in the vibrant East Village neighborhood in Manhattan. The loan was provided by Signature Bank, with Mark Kraehling representing the bank in the deal.
On the Map
$22,500,000
$535,714/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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93