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Nuveen Real Estate Refinances Yorkville Multifamily For $83.4M With Teachers Insurance & Annuity Association Of America

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FINANCED
$83,382,621

New York

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MultiFamily256,810 SF
Financed 08/01/2022
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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 Deals
MultiFamily256,810 SF
Financed 08/01/2022
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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.

Players

LENDER

TIAA
LENDER

Nuveen
LANDLORD

Details

FINANCED
IMAGE: 08/01/2022 ADDRESS: 201 East 86th Street MARKET: Yorkville ASSET TYPE: Multifamily ~ SF: 256,810 ~ UNITS: 256 LANDLORD: Nuveen Real Estate - Chris Burk LENDER: Teachers Insurance & Annuity Association Of America LOAN AMOUNT: $83,382,621 LOAN TYPE: Refinance

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Deal Type
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