Nuveen Real Estate Refinances Yorkville Multifamily For $83.4M With Teachers Insurance & Annuity Association Of America
FINANCED
$83,382,621
New York
See Similar DealsMultiFamily256,810 SF
Financed 08/01/2022
FINANCED
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
See Similar DealsMultiFamily256,810 SF
Financed 08/01/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$324
Total Square Footage:256,810 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$83,382,621.00
Monthly NOI$555,884.14
Monthly Debt Service$527,034.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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