Updated Oct 28, 2024
New York Community Bank Provides $98.2M Refinance Loan For Upper West Side Multifamily By David Bistricer - Clipper Equity
17-25 West 86th Street, Manhattan, New York, NY, USA
$98,226,898
$694/SF
Building Size
141,498 SF
Asset Type
MultiFamily
Closing
Jun 1, 2021
About this deal
AI
An multifamily property located at 17-25 West 86th Street in the Upper West Side has been involved in a recent loan transaction. The property spans approximately 141,498 square feet and consists of 153 units. The loan, which took place on 06/01/2021, was a refinance.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $98,226,898
- Address: 17-25 West 86th Street
- Market: Upper West Side
- Loan Type: Refinance
- Lender: New York Community Bank
- Landlord: David Bistricer - Clipper Equity
David Bistricer, representing Clipper Equity, serves as the landlord of the property. The loan was provided by New York Community Bank.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93