Updated Feb 21, 2025
Amalgamated Bank Provides $13.15M Refinance Loan For Multifamily Property At 161-163 East 89th Street, Upper East Side
180 E 88th St, New York, NY 10128, USA
$67,700,000
$37/SF
Building Size
1,825,100 SF
Asset Type
MultiFamily
Closing
Aug 20, 2020
About this deal
AI
The multifamily property located at 161-163 East 89th Street in the Upper East Side was recently involved in a loan transaction. The property spans approximately 19,800 square feet and consists of 27 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,150,000
- Address: 161-163 East 89th Street
- Market: Upper East Side
- Square Footage: 19,800
- Units: 27
The loan was provided by Amalgamated Bank for the purpose of refinancing. The landlord, Peak Capital, represented by Alex Rabin and David Gomez, facilitated 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93