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15 Park Row, New York City,...

Updated Oct 28, 2024

MF1 Capital Refinances Multifamily Property At 15 Park Row In Financial District For $136.5M
FINANCEDMultiFamily

MF1 Capital Refinances Multifamily Property At 15 Park Row In Financial District For $136.5M

15 Park Row, New York City, New York 10038, United States

$136,500,000

$403/SF

Building Size

338,520 SF

Asset Type

MultiFamily

Closing

Jun 30, 2022

About this deal

AI

A multifamily property located at 15 Park Row in the Financial District has recently undergone a refinancing transaction. The property spans approximately 338,520 square feet and consists of 291 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $136,500,000
  • Address: 15 Park Row
  • Market: Financial District
  • Loan Type: Refinance

MF1 Capital provided the loan for this transaction, amounting to $136,500,000. The landlord of the property is Atlas Capital Group.

The multifamily loan at 15 Park Row, New York City, New York 10038, United States in New York, New York financed for $136.5M in 2022. Reported inventory is 338,520 square feet across 291 units, or about 403 per square foot. This page is the New York, New York file for the 15 Park Row, New York City, New York 10038, United States 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 City, New York 10038, United States around 2022. Published consideration for 15 Park Row, New York City, New York 10038, United States is $136.5M, dated 2022. Cite this MF1 Capital Refinances Multifamily Property At 15 Park Row In Financial District For $136.5M loan when underwriting similar multifamily product around New York, New York.

Players

MF1 Capital
MF1 CapitalLender
Atlas Capital Group
Atlas Capital GroupLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $403 per square foot on a published $136.5M for 338,520 square feet (2022).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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