facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

201 East Broadway

Angelo Cosentini Of OTL Enterprises Secures $4M Loan From Metropolitan Commercial Bank For Multifamily Property
FINANCEDMultiFamily

Angelo Cosentini Of OTL Enterprises Secures $4M Loan From Metropolitan Commercial Bank For Multifamily Property

201 East Broadway & 203 East Broadway

$4,000,000

$88/SF

Building Size

45,388 SF

Asset Type

MultiFamily

Closing

Jun 2, 2025

AI

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

Metropolitan Commercial Bank
Metropolitan Commercial BankLender

Angelo Cosentini

Landlord

$16.3M

vol

3 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93