Updated Oct 28, 2024
New York Community Bank Provides $40M Refinance Loan For Upper West Side Multifamily
203 West 106th Street, Manhattan, New York, NY, USA
$40,000,000
$186/SF
Building Size
214,201 SF
Asset Type
MultiFamily
Closing
Nov 8, 2021
About this deal
AI
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.
The multifamily loan at 203 West 106th Street, Manhattan, New York, NY, USA in New York, New York financed for $40M in 2021. Reported inventory is 214,201 square feet across 152 units, or about 186 per square foot. This page is the New York, New York file for the 203 West 106th Street, Manhattan, New York, NY, USA 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 203 West 106th Street, Manhattan, New York, NY, USA around 2021. Published consideration for 203 West 106th Street, Manhattan, New York, NY, USA is $40M, dated 2021. Cite this New York Community Bank Provides $40M Refinance Loan For Upper West Side Multifamily loan when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93