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Nader Ohebshalom Of Gatsby Enterprises Secures $22.2M Refinancing Loan From Capital One For Carnegie Hill Multifamily

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FINANCED
$22,166,365

New York

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MultiFamily
Financed 01/05/2024
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FINANCED

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

See Similar Deals
MultiFamily
Financed 01/05/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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

LENDER

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8 deals$380.5M volume
LANDLORD

Details

FINANCED
IMAGE: 01/05/2024 ADDRESS: 163 East 92nd Street, 159 East 92nd Street & 155 East 92nd Street MARKET: Carnegie Hill, Manhattan ASSET TYPE: Multifamily LENDER: Capital One (@CapitalOne) LANDLORD: Nader Ohebshalom - Gatsby Enterprises LOAN AMOUNT: $22,166,365 LOAN TYPE: Refinance NOTE: Nader Ohebshalom's Gatsby Enterprises, under the entity 92nd Street 1 LLC, secured a $22.2 million refinancing loan from Capital One for three residential walkup properties totaling 85 units in Carnegie Hill, Manhattan.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$22,166,365.00

Monthly NOI$147,775.77
Monthly Debt Service$140,106.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00