Updated Oct 28, 2024
Fannie Mae Provides $22M Refinance Loan For Multifamily Property In Croton-On-Hudson
2-T Skytop Dr, Croton On Hudson, NY 10520
$22,000,000
Units
524
Asset Type
MultiFamily
Closing
Aug 11, 2022
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 2-T Skytop Drive in Croton-On-Hudson. The property consists of 524 units and is situated in the market of Croton-On-Hudson.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $22,000,000
- Date: 08/12/2022
- Address: 2-T Skytop Drive, Croton-On-Hudson
- Market: Croton-On-Hudson
- Units: 524
The loan for this transaction was provided by Fannie Mae. The loan amount was $22,000,000, and it was a refinance loan. The loan terms included a 10-year term and a 30-year amortization.
The broker involved in this deal was Robert Ranieri from Northmarq, representing the buyer. Robert Ranieri acted as the buyer's representative in this transaction.
On the Map
$22,000,000
MultiFamily
View full map
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Robert Ranieri to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93