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
$285,800,000
$23,816/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
Aug 1, 2022
AI
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
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93