Valley National Bank Provides $20M Loan For Multifamily Property At 135 William Street In Financial District
135 William Street, Manhattan, New York, NY, USA
$20,000,000
$259/SF
Building Size
76,988 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
AI
The multifamily property located at 135 William Street in the Financial District has recently undergone a $20,000,000 5-year permanent refinance loan. The loan was provided by Valley National Bank to the landlord, Metroloft.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Address: 135 William Street
- Market: Financial District
The deal was facilitated by Max Herzog, Marko Kazanjian, and Matt Fagella of Max Herzog, Marko Kazanjian, and Matt Fagella LL. The brokers played a crucial role in ensuring a smooth transaction for all parties involved.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93