facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

21 West Street, New York Ci...

MetLife Provides $70M Refinance Loan For Multifamily Property In Financial District With Landlord As Rose Associates
FINANCEDMultiFamily

MetLife Provides $70M Refinance Loan For Multifamily Property In Financial District With Landlord As Rose Associates

21 West Street, New York City, New York 10006, United States

$70,000,000

$208/SF

Building Size

335,746 SF

Asset Type

MultiFamily

Closing

Apr 3, 2022

AI

The loan for the property located at 21 West Street in the Financial District was recently refinanced. The property is a multifamily asset with a total square footage of 335,746. The loan was provided by MetLife, and the landlord of the property is Rose Associates. The loan amount for the refinancing was $70,000,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $70,000,000
  • Address: 21 West Street
  • Market: Financial District
  • Lender: MetLife
  • Landlord: Rose Associates
  • Total Square Footage: 335,746

This transaction represents a significant refinancing deal in the Financial District. With the involvement of MetLife as the lender and Rose Associates as the landlord, it showcases the trust and confidence in the property's value. The refinancing will provide the necessary capital for further development and maintenance of the multifamily asset.

Players

Metropolitan Life Insurance
Metropolitan Life InsuranceLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93