Updated Nov 28, 2024
Apollo Commercial Real Estate Provides $94M Refinance Loan For Multifamily Property On E. 66th St
165 East 66th Street
$94,000,000
$468/SF
Building Size
200,676 SF
Asset Type
MultiFamily
Closing
May 27, 2022
About this deal
AI
165 E. 66th St. in Manhattan was part of a recent closed property transaction. This multifamily property spans approximately 200,676 square feet. The property was refinanced with a loan amount of $94,000,000 provided by Apollo Commercial Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $94,000,000
- Asset Type: Multifamily
- Square Footage: 200,676
- Address: 165 E. 66th St.
- Market: Manhattan
The landlord for this property is CIM Group, specifically Shaoul Kuba. The brokers involved in this transaction were Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Nick Scribani from Newmark.
NOTE: Kuba is the landlord represented by CIM Group, not the buyer or seller.Players
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93