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Fred Ohebshalom Of Gatsby Enterprises Secures $15M Refinance Loan From Amalgamated Bank In Manhattan
FINANCED
$15,000,000
New York
See Similar DealsMultiFamily43,520 SF
Financed 02/26/2025
FINANCED
Fred Ohebshalom Of Gatsby Enterprises Secures $15M Refinance Loan From Amalgamated Bank In Manhattan
176 East 3rd Street
See Similar DealsMultiFamily43,520 SF
Financed 02/26/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$344
Total Square Footage:43,520 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 176 East 3rd Street in Alphabet City, Manhattan. It encompasses a total square footage of 43,520 and consists of 48 residential units, contributing to its value as a residential investment.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Address: 176 East 3rd Street
- Market: Alphabet City, Manhattan
- Lender: Amalgamated Bank
- Landlord: Fred Ohebshalom - Gatsby Enterprises
- Loan Type: Refinance
Key individuals involved in the transaction include Fred Ohebshalom, representing Gatsby Enterprises, who secured the refinancing loan from Amalgamated Bank. This financing supports the operational sustainability and management of the 48-unit residential building.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$15,000,000.00
Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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