JBA Equities Refinances Multifamily Property In Upper East Side, Manhattan For $5M
FINANCED
$5,000,000
+ 1
New York
See Similar DealsMultiFamily43,000 SF
Financed 02/14/2022
FINANCED
JBA Equities Refinances Multifamily Property In Upper East Side, Manhattan For $5M
1641 Park Avenue, New York City, New York 10457, United States
See Similar DealsMultiFamily43,000 SF
Financed 02/14/2022
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$116
Total Square Footage:43,000 SF
Transaction Type:Loan
Located at 1641 Park Ave in the Upper East Side of Manhattan, this multifamily property spans approximately 43,000 square feet. The property was recently involved in a loan transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,000,000
- Loan Type: Refinance
- Loan Terms: 2.5% for 5 years
The loan, with a total amount of $5,000,000, was secured to refinance the property located at 1641 Park Ave. The loan terms include an interest rate of 2.5% for a duration of 5 years.
The deal was facilitated by Jonathan Aghravi, Eli Terry, Charles Han, and Tim Cox of JBA Equities. They represented the parties involved in the transaction and ensured its successful completion.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$5,000,000.00
Monthly NOI$33,333.33
Monthly Debt Service$31,603.40
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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