New York Community Bank Provides $40M Refinance Loan For Upper West Side Multifamily
FINANCED
$40,000,000
New York
See Similar DealsMultiFamily214,201 SF
Financed 11/09/2021
FINANCED
New York Community Bank Provides $40M Refinance Loan For Upper West Side Multifamily
203 West 106th Street, Manhattan, New York, NY, USA
See Similar DealsMultiFamily214,201 SF
Financed 11/09/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$186
Total Square Footage:214,201 SF
Transaction Type:Loan
The multifamily property located at 203 & 209 West 106th Street in the Upper West Side was recently involved in a loan transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $40,000,000
- Square Footage: 214,201
- Number of Units: 152
- Market: Upper West Side
New York Community Bank, represented by Alan L. Kaufman, provided a loan of $40,000,000 to refinance the property. The landlord of the property is Abro Management.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$40,000,000.00
Monthly NOI$266,666.67
Monthly Debt Service$252,827.21
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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