CW Realty Refinances 10-Unit Multifamily Property In Upper East Side For $6M
FINANCED
$6,000,000
New York
See Similar DealsMultiFamily6,000 SF
Financed 07/28/2022
FINANCED
CW Realty Refinances 10-Unit Multifamily Property In Upper East Side For $6M
1363 1st Avenue, New York City, New York 10021, United States
See Similar DealsMultiFamily6,000 SF
Financed 07/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:6,000 SF
Transaction Type:Loan
Located at 1363 1st Ave in the Upper East Side, this multifamily property encompasses approximately 6,000 square feet and consists of 10 units. The property was involved in a recent loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Loan Type: Refinance
- Loan Terms: 1st Lien, 12 months + extensions; I/O payment
The loan for this property was provided by JG Funding Corp. CW Realty, the landlord, was involved in the transaction as well. The loan amount was $6,000,000, and it was a refinance loan with the terms of a first lien, 12 months with the option for extensions, and interest-only payment.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,000,000.00
Monthly NOI$40,000.00
Monthly Debt Service$37,924.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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