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Angelo Cosentini Of OTL Enterprises Secures $4M Loan From Metropolitan Commercial Bank For Multifamily Property
FINANCED
$4,000,000
New York
See Similar DealsMultiFamily45,388 SF
Financed 06/02/2025
FINANCED
Angelo Cosentini Of OTL Enterprises Secures $4M Loan From Metropolitan Commercial Bank For Multifamily Property
201 East Broadway & 203 East Broadway
See Similar DealsMultiFamily45,388 SF
Financed 06/02/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$88
Total Square Footage:45,388 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 201-203 East Broadway in the Lower East Side of Manhattan. The property consists of 22,694 square feet and includes 10 residential units. OTL Enterprises, represented by Angelo Cosentini, secured a loan for the acquisition of this asset.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Address: 201-203 East Broadway
- Market: Lower East Side, Manhattan
- Lender: Metropolitan Commercial Bank
- Landlord: Angelo Cosentini - OTL Enterprises
- Loan Type: Acquisition
The key individuals and companies involved in the deal include Angelo Cosentini, representing OTL Enterprises as the landlord, and Metropolitan Commercial Bank as the lender facilitating the acquisition loan. The transaction features a 10-unit elevator building, reflecting the strategic interests of OTL Enterprises in the multifamily market of Manhattan.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,000,000.00
Monthly NOI$26,666.67
Monthly Debt Service$25,282.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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