A&E Real Estate Refinances 110-Unit Yorkville Multifamily At 1543 2nd Avenue For $47.2M
1543 2nd Avenue
$47,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2025
AI
A&E Real Estate has a multifamily property located at 1543 2nd Avenue in the Yorkville neighborhood of Manhattan. The asset consists of 110 units, which contributed to the decision to refinance for a substantial loan amount, reflecting its value in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,200,000
- Lender: Marc Rowan - Apollo Global
- Landlord: James Patchett - A&E Real Estate
- Loan Type: Refinance
The refinancing of the Yorkville property was facilitated by Apollo Global Management, represented by Marc Rowan. James Patchett serves as the landlord, overseeing A&E Real Estate’s interests in the 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93