A&E Real Estate Provides $285.8M Loan For 455-Unit Multifamily On Upper West Side
FINANCED
$285,800,000
New York
See Similar DealsMultiFamily12,000 SF
Financed 08/01/2022
FINANCED
A&E Real Estate Provides $285.8M Loan For 455-Unit Multifamily On Upper West Side
160 Riverside Boulevard, New York City, New York 10069, United States
See Similar DealsMultiFamily12,000 SF
Financed 08/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$23,816
Total Square Footage:12,000 SF
Transaction Type:Loan
The multifamily property located at 160 Riverside Boulevard in the Upper West Side has been involved in a loan transaction. The property spans approximately 12,000 square feet and consists of 455 units. The loan amount for this transaction is $285,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $285,800,000
- Address: 160 Riverside Boulevard
- Market: Upper West Side
- Square Footage: 12,000
- Units: 455
A&E Real Estate has provided the loan for this transaction. The landlord for this property is Square Mile Capital, represented by David Greenburg.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$285,800,000.00
Monthly NOI$1,905,333.33
Monthly Debt Service$1,806,450.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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