Updated Oct 29, 2024
American Continental Properties Acquires Multifamily Property On Amsterdam Avenue For $38M
170 Amsterdam Ave, New York, NY 10023, USA
$38,000,000
$1,835/SF
Building Size
20,708 SF
Asset Type
MultiFamily
Closing
Mar 10, 2020
About this deal
AI
The multifamily property located at 170 Amsterdam Avenue in Lincoln Square has been involved in a recent closed transaction. The property consists of 236 units and has an address of 170 Amsterdam Avenue. The transaction took place on 03/11/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $38,000,000
- Lender: KBC Bank
- Landlord: American Continental Properties
KBC Bank provided a loan amount of $38,000,000 for the transaction. American Continental Properties acted as the landlord in the deal. The transaction involved a multifamily property located at 170 Amsterdam Avenue in Lincoln Square, which consists of 236 units.
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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93