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163 East 92nd Street

Updated Dec 4, 2024

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

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.

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$22,166,365

MultiFamily

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Players

Capital One
Capital OneLender

Nader Ohebshalom

Gatsby Enterprises

Landlord

$380.5M

vol

8 deals

Landlord
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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

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