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F2 Refinances Multifamily Property In Lower East Side For $3.2M

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FINANCED
$3,200,000

New York

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MultiFamily6,945 SF
Financed 02/28/2022
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FINANCED

F2 Refinances Multifamily Property In Lower East Side For $3.2M

178 Stanton Street, New York City, New York 10002, United States

See Similar Deals
MultiFamily6,945 SF
Financed 02/28/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$460
Total Square Footage:6,945 SF
Transaction Type:Loan

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

F2
F2
LENDER
MP
Metro City Properties
LANDLORD

Details

FINANCED
IMAGE: Jonathan Fhima DATE: 02/28/2022 ADDRESS: 178 Stanton St. MARKET: Lower East Side ASSET TYPE: Multifamily ~ SF: 6,945 ~ UNITS: 6 LENDER: F2 (@__FTwo) - Jonathan Fhima (@JonFhima) LANDLORD: Metro City Properties LOAN AMOUNT: $3,200,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$3,200,000.00

Monthly NOI$21,333.33
Monthly Debt Service$20,226.18
Change in Cash Flow$0.00
Refinance Proceeds$0.00