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201 Hamilton Avenue, Staten...

Updated Oct 28, 2024

National Equity Fund Refinances Multifamily Property In Staten Island For $75.7M
FINANCEDMultiFamily

National Equity Fund Refinances Multifamily Property In Staten Island For $75.7M

201 Hamilton Avenue, Staten Island, New York 10301, United States

$60,000,000

Units

316

Asset Type

MultiFamily

Closing

Jan 4, 2022

About this deal

AI

The property involved in this transaction is a multifamily located at 201 Hamilton Ave in Staten Island. The property consists of 316 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $75,700,000
  • Market: Staten Island
  • Address: 201 Hamilton Ave
  • Units: 316

The lender in this transaction was National Equity Fund represented by David Martin. They provided a loan of $75,700,000 for the purpose of refinancing.

The multifamily loan at 201 Hamilton Avenue, Staten Island, New York 10301, United States in Staten Island, New York financed for $60M in 2022. Reported inventory is 316 units across 316 units. David Martin, Greystone appear on the loan alongside Greystone. This page is the Staten Island, New York file for the 201 Hamilton Avenue, Staten Island, New York 10301, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Staten Island sit in the Market section below. Filter that Staten Island multifamily set by closing date to see what else financed near 201 Hamilton Avenue, Staten Island, New York 10301, United States around 2022. Published consideration for 201 Hamilton Avenue, Staten Island, New York 10301, United States is $60M, dated 2022. Cite this National Equity Fund Refinances Multifamily Property In Staten Island For $75.7M loan when underwriting similar multifamily product around Staten Island, New York.

On the Map

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$60,000,000

MultiFamily

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Players

David Martin

Terra

Lender

$2.6B

vol

34 deals

Lender
National Equity Fund
National Equity FundLender
Greystone
GreystoneLender
Bilt advertisement

Staten Island MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $189.9K per unit across 316 units on a published $60M (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.26%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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