Laura Lemle Of LC Lemle Real Estate Group Refinances Carnegie Hill Multifamily For $8M With Mutual Of Omaha
1324 Lexington Avenue
$8,000,000
$387/SF
Building Size
20,653 SF
Asset Type
MultiFamily
Closing
Oct 29, 2025
AI
The property asset involved in this transaction is a multifamily building located at 1324 Lexington Avenue in Carnegie Hill, Manhattan. The building has a base square footage of 37,746 and a total square footage of 20,653. The property consists of 20 units and has been refinanced with a loan amount of $8,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Address: 1324 Lexington Avenue
- Market: Carnegie Hill, Manhattan
- Asset Size: Base Square Footage 37,746, Total Square Footage 20,653
- Lender: Mutual of Omaha
- Landlord: Laura Lemle - LC Lemle Real Estate Group
- Prior Debt: $12.5M from Santander Bank
Key individuals involved in this deal include Laura Lemle, who represents LC Lemle Real Estate Group, handling the refinancing of the property. This transaction replaced the previous debt arrangement with Santander Bank.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93