Updated Oct 28, 2024
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.
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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