Updated Oct 28, 2024
Fine Times Secures $50M CMBS Loan For Multifamily Portfolio In Manhattan And Brooklyn
17 W 68th St, Manhattan, New York, NY, USA
$50,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 28, 2020
About this deal
AI
The multifamily properties located at 17, 19, 21 & 23 West 68th St., 44 & 46 West 69th St., 46 West 70th St., 30, 32, & 219 West 71st St., 53 West 73rd St., 12 West 76th St., 196, 198 & 150 Columbia Heights, 9 Montague St., 6 & 82 Pierrepont St., and 99 Joralemon St. have been involved in a recent loan transaction. The properties are situated in Manhattan and Brooklyn.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,000,000
- Lender: Citi - Eric Mirvis & Joe Dyckman
- Landlord: Fine Times
- Brokers: Shamir Seidman & Daniel Neiss - Meridian Capital Group
The loan, in the amount of $50,000,000, was provided by Citi, with Eric Mirvis and Joe Dyckman representing the lender. The landlord involved in this transaction is Fine Times. The brokers who facilitated the deal were Shamir Seidman and Daniel Neiss of Meridian Capital Group.
On the Map
$50,000,000
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93