Updated Oct 28, 2024
F2 Refinances Multifamily Property In Lower East Side For $3.2M
178 Stanton Street, New York City, New York 10002, United States
$3,200,000
$460/SF
Building Size
6,945 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 178 Stanton St. in the Lower East Side market. It has a total square footage of 6,945 and consists of 6 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 178 Stanton St.
- Market: Lower East Side
- Square Footage: 6,945
- Units: 6
In this transaction, the lender for the refinance loan is f2''>F2, represented by Jonathan Fhima. The loan amount is $3,200,000.
The landlord of the property is Metro City Properties.
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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93