Updated Oct 28, 2024
New York Community Bank Provides $11.9M Loan For Multifamily Property On West 47th Street In Times Square
150 West 47th Street, Manhattan, New York, NY, USA
$11,900,000
$179/SF
Building Size
66,182 SF
Asset Type
MultiFamily
Closing
Aug 3, 2021
About this deal
AI
The multifamily property located at 150 West 47th Street in Times Square has been involved in a recent loan transaction. The lender, New York Community Bank, provided a loan amount of $11,900,000 for this property. The property spans across 66,182 square feet and consists of 103 units. The transaction took place on 08/04/2021, and the landlord of the property is A & R Kalimian Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,900,000
- Square Footage: 66,182
- Units: 103
- Lender: New York Community Bank
- Landlord: A & R Kalimian Realty
It is important to note that there is no additional information available regarding this transaction.
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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93