BankUnited Provides $26.85M Acquisition Loan For Multifamily Property In East Village
FINANCED
$26,850,000
New York
See Similar DealsMultiFamily67,741 SF
Financed 10/28/2022
FINANCED
BankUnited Provides $26.85M Acquisition Loan For Multifamily Property In East Village
138 East 12th Street
See Similar DealsMultiFamily67,741 SF
Financed 10/28/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$396
Total Square Footage:67,741 SF
Transaction Type:Loan
The multifamily property located at 138 E 12th Street in the East Village has been involved in a recent transaction. The property spans approximately 67,741 square feet and falls under the asset type of Multifamily.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,850,000
- Address: 138 E 12th Street
- Market: East Village
- Lender: BankUnited
- Landlord: Westover Companies
- Brokers: Steve Klein, Jamie Leachman & Christopher Pratt - JLL
- Loan Type: Acquisition
The loan for this transaction was secured from BankUnited. The landlord involved in the deal is Westover Companies. The brokerage team representing the transaction consists of Steve Klein, Jamie Leachman, and Christopher Pratt from JLL.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,850,000.00
Monthly NOI$179,000.00
Monthly Debt Service$169,710.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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