Updated Apr 3, 2025
A&E Real Estate Holdings Acquires Multifamily Property On Riverside Boulevard In Manhattan For $188.5M
140 Riverside Boulevard, New York City, New York 10069, United States
$188,525,000
$513,692/SF
Building Size
367 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
About this deal
AI
The multifamily property located at 140 Riverside Boulevard in Lincoln Square, Manhattan has been involved in a recent loan transaction. The property has a total square footage of 367,786 and consists of 354 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $188,525,000
- Loan Date: 08/31/2022
- Address: 140 Riverside Boulevard
- Market: Lincoln Square, Manhattan
- Lender: Mesa West Capital
- Landlord: A&E Real Estate Holdings - Darryl Smith
The loan amount obtained for this property is $188,525,000, provided by Mesa West Capital. The landlord involved in the deal is A&E Real Estate Holdings, represented by Darryl Smith.
On the Map
$188,525,000
$513,692/SF
MultiFamily
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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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93