Updated Sep 9, 2024
Meridian Capital Group Brokers $109M Loan For Multifamily Asset At 15 Park Row NYC
15 Park Row, New York, NY, USA
$109,000,000
$330/SF
Building Size
330,000 SF
Asset Type
MultiFamily
Closing
Jan 20, 2021
About this deal
AI
The property involved in this transaction is located at @15ParkRowNYC in the Financial District. It is a multifamily asset. The loan amount for this transaction is $109,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $109,000,000
The brokers involved in this deal are Morris Betesh and Alex Bailkin from Meridian Capital Group.
The multifamily loan at 15 Park Row, New York, NY, USA in New York, New York financed for $109M in 2021. The building is 330,000 square feet, implying about 330 per square foot on the published price. Morris Betesh, Alex Bailkin, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the New York, New York file for the 15 Park Row, New York, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 15 Park Row, New York, NY, USA around 2021. Published consideration for 15 Park Row, New York, NY, USA is $109M, dated 2021. Cite this Meridian Capital Group Brokers $109M Loan For Multifamily Asset At 15 Park Row NYC loan when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93