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200 East 65th Street, New Y...

Updated Oct 28, 2024

Signature Bank Provides $143M Loan For Multifamily Properties In Lenox Hill, Manhattan
FINANCEDMultiFamily

Signature Bank Provides $143M Loan For Multifamily Properties In Lenox Hill, Manhattan

200 East 65th Street, New York City, New York 10065, United States

$143,000,000

Units

30

Asset Type

MultiFamily

Closing

Aug 29, 2022

About this deal

AI

The multifamily property located at 200 East 65th Street and 336 East 71st Street in Lenox Hill, Manhattan has recently undergone a closed transaction. The property consists of 30 units and has been acquired by Milstein Properties, a prominent landlord in the area. The transaction was facilitated by Signature Bank, who provided a loan amount of $143,000,000 to support the purchase.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $143,000,000
  • Address: 200 East 65th Street & 336 East 71st Street
  • Market: Lenox Hill, Manhattan
  • Units: 30

Milstein Properties, a well-known landlord, has successfully acquired this multifamily property in Lenox Hill. Signature Bank played a significant role in the transaction by providing a loan amount of $143,000,000, enabling Milstein Properties to complete the purchase. This successful deal highlights the ongoing activity and investment in the vibrant Lenox Hill market.

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$143,000,000

MultiFamily

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Players

Signature Bank
Signature BankLender
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $4.8M per unit across 30 units on a published $143M (2022).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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