Updated Sep 9, 2024
Meridian Capital Group Arranges $18.9M Acquisition Loan For Multifamily In New York
229 East 21st Street, New York City, New York 10010, United States
$18,932,562
Building Size
—
Asset Type
MultiFamily
Closing
May 2, 2022
About this deal
AI
The multifamily property located at 229-233 East 21st Street in New York has recently been involved in a loan transaction. The loan, valued at $18,932,562, was obtained for the purpose of acquiring the property.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $18,932,562
- Market: New York
- BROKERS: Simon Rosenfeld & Bryan Grimm - Meridian Capital Group
The loan was secured by Simon Rosenfeld and Bryan Grimm from Meridian Capital Group. They represented the interested parties in this acquisition deal.
On the Map
$18,932,562
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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93