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1516 Park Avenue, New York ...

Updated Oct 28, 2024

MF1 Acquires Multifamily Property In New York With $32.5M Refinance Loan
FINANCEDMultiFamily

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

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$32,500,000

MultiFamily

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Players

Tal Savariego

Iron Hound Management Company

Broker

$532.7M

vol

14 deals

Broker
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MF1Lender
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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

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