Feil Organization Secures $40 Million Refinancing Loan From Principal Real Estate Investors For Multifamily Property
160 East 84th Street
$40,000,000
$178/SF
Building Size
224,000 SF
Asset Type
MultiFamily
Closing
May 1, 2025
AI
The asset involved in this transaction is a 178-unit multifamily residential building located at 160 East 84th Street in Carnegie Hill, Manhattan. The property is characterized by its substantial size of 224,000 square feet and has undergone a refinancing process to secure a new loan.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Address: 160 East 84th Street
- Market: Carnegie Hill, Manhattan
- Lender: Principal Real Estate Investors
- Landlord: Jeffrey Feil - Feil Organization
- Loan Type: Refinance
In this refinancing deal, Jeffrey Feil, representing the Feil Organization, engaged Principal Real Estate Investors to replace prior debt that was secured from Capital One and Fannie Mae. This strategic financial move underscores the management's ongoing commitment to optimizing their asset portfolio.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93