Updated Mar 11, 2025
New York Community Bank Provides $23.7M Refinance Loan For Fort George Multifamily Property
1380 Riverside Drive, Manhattan, New York, NY, USA
$23,700,000
$166/SF
Building Size
142,600 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
Located at 1380 Riverside Drive in Fort George, this multifamily property consists of 138 units. The property was involved in a recent loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $23,700,000
- Loan Type: Refinance
- Lender: New York Community Bank
- Brokers: Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group
The loan transaction was facilitated by New York Community Bank. Representing the borrower in the deal were brokers Isaac Filler, Yossi Koschitzki, and Elliot Levy from Meridian Capital Group.
Players
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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93