Updated Oct 13, 2026
Signature Bank Provides $35M Loan For Multifamily Properties In East Village, NYC
131 Avenue A, Manhattan, New York, NY, USA
$35,000,000
$502/SF
Building Size
69,668 SF
Asset Type
MultiFamily
Closing
Feb 17, 2021
About this deal
AI
The multifamily property located in East Village at 131 Avenue A, 121 St Marks Place, 119 St Marks Place, and 115 St Marks Place has been involved in a loan transaction. The loan was provided by Signature Bank to the landlord, Nathan Halegua. The loan amount for this transaction was $35,000,000, and the property has a total square footage of 69,668. It consists of 104 units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Property Address: 131 Avenue A, 121 St Marks Place, 119 St Marks Place, 115 St Marks Place
- Market: East Village
- Lender: Signature Bank
- Landlord: Nathan Halegua
- Square Footage: 69,668
- Number of Units: 104
In this transaction, Nathan Halegua acted as the landlord for the property. Please note that there is no additional information available regarding the involvement of any other individuals or companies in this deal.
On the Map
$35,000,000
$502/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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93