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.
On the Map
$67,700,000
$37/SF
MultiFamily
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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