Meridian Capital Group Arranges $18.9M Acquisition Loan For Multifamily In New York
FINANCED
$18,932,562
New York
See Similar DealsMultiFamily
Financed 05/03/2022
FINANCED
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
See Similar DealsMultiFamily
Financed 05/03/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,932,562.00
Monthly NOI$126,217.08
Monthly Debt Service$119,666.67
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions