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Lawrence Movtady Of Movcap Secures $7.525M Refinance Loan From Genesis Capital For Multifamily Asset

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FINANCED
$7,525,000
Max Ralby
Lawrence Movtady

New York

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MultiFamily13,015 SF
Financed 01/27/2026
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FINANCED

Lawrence Movtady Of Movcap Secures $7.525M Refinance Loan From Genesis Capital For Multifamily Asset

211 West 85th Street

See Similar Deals
MultiFamily13,015 SF
Financed 01/27/2026
Max Ralby
Lawrence Movtady
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$578
Total Square Footage:13,015 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 211 West 85th Street in Manhattan. It encompasses a total square footage of 13,015, comprising 13 units. The loan amount secured for this property is $7,525,000 as part of a refinance deal.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,525,000
  • Address: 211 West 85th Street
  • Market: Manhattan
  • Square Footage: 13,015
  • Units: 13
  • Lender: Genesis Capital
  • Landlord: Lawrence Movtady - Movcap
  • Broker: Max Ralby - Newmark
  • Loan Type: Refinance

Lawrence Movtady serves as the landlord through Movcap, having purchased the property in February 2024 for $5.25 million. The repositioning of the asset since this acquisition has been noted as successful by Movcap.

Players

Max Ralby
Newmark
Max Ralby
74 deals$3.8B volume
BROKER
Genesis Capital
Genesis Capital
LENDER
Lawrence Movtady
Lawrence Movtady
9 deals$120.8M volume
LANDLORD

Details

FINANCED
IMAGE: Lawrence Movtady & Max Ralby DATE: 1/27/2026 ADDRESS: 211 West 85th Street MARKET: Manhattan ASSET TYPE: Multifamily ~ SF: 13,015 ~ UNITS: 13 LENDER: Genesis Capital LANDLORD: Lawrence Movtady (@LawrenceMov) - Movcap (@Movcap_RE) BROKER: Max Ralby (@MaxRalby) - Newmark (@Newmark) LOAN AMOUNT: $7,525,000 LOAN TYPE: Refinance NOTE FROM MOVCAP: Movcap purchased the property in February 2024 for $5.25MM and has since successfully repositioned the asset.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,525,000.00

Monthly NOI$50,166.67
Monthly Debt Service$47,563.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00