Updated Oct 28, 2024
MF1 Acquires Multifamily Property In New York With $32.5M Refinance Loan
1516 Park Avenue, New York City, New York 10029, United States
$32,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 8, 2022
About this deal
AI
1516 Park Avenue in New York has recently undergone a refinancing transaction. The multifamily property was involved in a loan deal with a loan amount of $32,500,000. The loan was provided by MF1, specifically Max Hayum. The property's address, 1516 Park Avenue, is situated in the New York real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $32,500,000
Facilitating the loan deal were brokers Daniel Cohen and Tal Savariego from Meridian Capital Group, who represented the parties involved in the transaction.
On the Map
$32,500,000
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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93