Updated Feb 16, 2024
First Republic Bank Refinances Multifamily Property At 175 Pinehurst Ave. For $4M
175 Pinehurst Avenue, New York City, New York 10033, United States
$4,000,000
$400/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
A multifamily property located at 175 Pinehurst Ave in New York has recently undergone a refinancing transaction. The loan was provided by First Republic Bank.
Summary of transaction details:
- Property Type: Multifamily
- Loan Amount: $4,000,000
- Loan Type: Refinance
- Address: 175 Pinehurst Ave
- Market: New York
The broker representing the deal was Simon Rosenfeld from Meridian Capital Group.
The multifamily loan at 175 Pinehurst Avenue, New York City, New York 10033, United States in New York, New York financed for $4M in 2022. The building is 10,000 square feet, implying about 400 per square foot on the published price. This page is the New York, New York file for the 175 Pinehurst Avenue, New York City, New York 10033, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 175 Pinehurst Avenue, New York City, New York 10033, United States around 2022. Published consideration for 175 Pinehurst Avenue, New York City, New York 10033, United States is $4M, dated 2022. Cite this First Republic Bank Refinances Multifamily Property At 175 Pinehurst Ave. For $4M loan when underwriting similar multifamily product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93