BankUnited Provides $26.85M Acquisition Loan For Multifamily Property In East Village
138 East 12th Street
$26,850,000
$396/SF
Building Size
67,741 SF
Asset Type
MultiFamily
Closing
Oct 28, 2022
AI
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.
Players
Erie 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93