Updated Dec 4, 2024
Nader Ohebshalom Of Gatsby Enterprises Secures $22.2M Refinancing Loan From Capital One For Carnegie Hill Multifamily
163 East 92nd Street, 159 East 92nd Street & 155 East 92nd Street
$22,166,365
Units
85
Asset Type
MultiFamily
Closing
Jan 5, 2024
About this deal
AI
Three residential walkup properties totaling 85 units in Carnegie Hill, Manhattan have been refinanced with a $22.2 million loan from Capital One. The properties, located at 163 East 92nd Street, 159 East 92nd Street & 155 East 92nd Street, are owned by Nader Ohebshalom's Gatsby Enterprises under the entity 92nd Street 1 LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,166,365
- Address: 163 East 92nd Street, 159 East 92nd Street & 155 East 92nd Street
- Market: Carnegie Hill, Manhattan
- Lender: Capital One
- Landlord: Nader Ohebshalom - Gatsby Enterprises
- Loan Type: Refinance
Nader Ohebshalom's Gatsby Enterprises, under the entity 92nd Street 1 LLC, successfully secured the $22.2 million refinancing loan from Capital One for the three residential walkup properties. This transaction highlights the strategic financial management and real estate acumen of the entity in managing its real estate portfolio.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93