Updated Jul 24, 2025
Nationwide Life Insurance Co Provides $26M Refinance Loan For East Harlem Multifamily Property
181 E 119th St
$26,000,000
Units
90
Asset Type
MultiFamily
Closing
Mar 24, 2023
About this deal
AI
A multifamily property in East Harlem, located at 181 E 119th St, has undergone a loan refinancing transaction. The property consists of 90 units and is a part of the East Harlem market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,000,000
- Date: 03/24/2023
- Address: 181 E 119th St
- Market: East Harlem
- Units: 90
The loan for this transaction was provided by Nationwide Life Insurance Co. The brokers representing the deal were Chuck Cotsalas and Robert Delitsky, who worked with Northmarq.
On the Map
$26,000,000
MultiFamily
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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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93