Updated Oct 29, 2024
Charles Nicholas Acquires Multifamily Property On Upper West Side With $5.85M Loan From TD Bank
205 W 107th St, New York, NY 10025, USA
$5,850,000
$410/SF
Building Size
14,255 SF
Asset Type
MultiFamily
Closing
May 6, 2020
About this deal
AI
The multifamily property located at 205 West 107th Street on the Upper West Side has been involved in a closed transaction. The property consists of 10 residential units and spans a total of 14,255 square feet. The transaction took place on 5th July 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,850,000
- Lender: TD Bank
- Borrower: Charles Nicholas
- Brokers: David Oheb, Sarah Kuebler, Matt Barnett – @Meridian.Capital.Group
- Loan Terms: 2.88% Fixed for 5 Years
The deal was facilitated by brokers David Oheb, Sarah Kuebler, and Matt Barnett from the Meridian Capital Group. They represented the buyer, Charles Nicholas, in securing a loan from TD Bank. The loan amount for the transaction was $5,850,000, with a fixed interest rate of 2.88% for a period of 5 years.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.71%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93