Updated Feb 16, 2024
Hirshmark Capital Provides $12M Bridge Loan On Upper East Side Multifamily
14 East 69th Street, New York, NY 10021
$12,000,000
$1,000/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Dec 6, 2021
About this deal
AI
The multifamily property located at 14 East 69th Street in the Upper East Side recently underwent a closed transaction. Spanning over 12,000 square feet, the property is part of the multifamily asset type.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 14 East 69th Street
- Market: Upper East Side
- Asset Size: 12,000 square feet
The lending institution, Hirshmark Capital, provided a bridge loan for this transaction. Maria Kempf serves as the landlord for the property. Representing the deal was Igor Vaysberg from Hirshmark Capital.
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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93