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A&E Real Estate Provides $285.8M Loan For 455-Unit Multifamily On Upper West Side

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FINANCED
$285,800,000

New York

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MultiFamily12,000 SF
Financed 08/01/2022
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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 Deals
MultiFamily12,000 SF
Financed 08/01/2022
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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.

Players

LENDER


Details

FINANCED
IMAGE: David Greenburg DATE: 08/01/2022 ADDRESS: 160 Riverside Boulevard MARKET: Upper West Side ASSET TYPE: Multifamily ~ SF: 12,000 ~ UNITS: 455 LENDER: A&E Real Estate LANDLORD: Square Mile Capital - David Greenburg LOAN AMOUNT: $285,800,000

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Deal Type
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