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135 William Street, Manhatt...

Valley National Bank Provides $20M Loan For Multifamily Property At 135 William Street In Financial District
FINANCEDMultiFamily

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

Marko Kazanjian

Institutional Property Advisors

Broker

$5.4B

vol

71 deals

Broker
Valley National Bank
Valley National BankLender

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93