Updated Apr 3, 2025
Nuveen Real Estate Refinances Yorkville Multifamily For $83.4M With Teachers Insurance & Annuity Association Of America
201 East 86th Street, New York City, New York 10028, United States
$83,382,621
$324/SF
Building Size
256,810 SF
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
Nuveen Real Estate has recently completed a multifamily property refinance transaction in the Yorkville market. The property, located at 201 East 86th Street, spans over 256,810 square feet and consists of 256 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $83,382,621
- Address: 201 East 86th Street
- Market: Yorkville
- Landlord: Nuveen Real Estate - Chris Burk
- Lender: Teachers Insurance & Annuity Association Of America
- Loan Type: Refinance
The deal was facilitated by Nuveen Real Estate, represented by their broker representative, Chris Burk. The lending institution involved in the refinance was the Teachers Insurance & Annuity Association Of America.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93