Updated Oct 28, 2024
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 New York, 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 New York, 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 New York sit in the Market section below. Filter that New York 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 New York, New York.
Players
New York MultiFamily Market Snapshot
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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