Updated Oct 29, 2024
Metro Loft Acquires Multifamily Property At 180 Water Street In Seaport For $100M
180 Water St, New York, NY 10038, USA
$365,000,000
$15,495/SF
Building Size
23,555 SF
Asset Type
MultiFamily
Closing
Nov 29, 2020
About this deal
AI
The multifamily property located at 180 Water Street in the Seaport market has been involved in a closed transaction. The deal was facilitated by Rockwood Capital, who provided a loan amount of $100,000,000. The landlord of the property is Metro Loft, represented by Nathan Berman.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $100,000,000
- Address: 180 Water Street
- Market: Seaport
Walter P. Schmidt and Nathan Berman played key roles in this deal. Walter P. Schmidt and Nathan Berman, representing their respective agencies, were involved in the transaction as representatives of the buyer, seller, landlord, or tenant.
On the Map
$365,000,000
$15,495/SF
MultiFamily
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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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93