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19 W 55th St, New York, NY ...

Aview Equities Acquires Multifamily Property On 19 West 55th Street In Midtown For $36.7M
FINANCEDMultiFamily

Aview Equities Acquires Multifamily Property On 19 West 55th Street In Midtown For $36.7M

19 W 55th St, New York, NY 10019, USA

$36,760,000

$91/SF

Building Size

400,000 SF

Asset Type

MultiFamily

Closing

Dec 29, 2019

AI

A multifamily property located at 19 West 55th Street in Midtown has been involved in a closed transaction. The property spans a total of 40,000 square feet and was part of the deal facilitated by Aview Equities, represented by Abraham Leifer. The lenders involved in the transaction were Merchants Bank of Indiana. The transaction amount for the loan was $36,760,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $36,760,000
  • Square Footage: 40,000
  • Address: 19 West 55th Street
  • Market: Midtown

Emanuel Westfried from the agency and Jonathan Bodner were the brokers who represented the parties in this transaction.

Players

Jonathan Bodner

Broker

$376.2M

vol

8 deals

Broker
Merchants Bank of Indiana
Merchants Bank of IndianaLender
Abraham Leifer

Abraham Leifer

Aview Equities

Landlord

$162.1M

vol

6 deals

Landlord

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

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93