facebook
Traded Co logo
Submit

Meridian Capital Group Acquires Multifamily Property On Upper West Side For $2.2M

Property Image
FINANCED
$2,200,000

New York

See Similar Deals
MultiFamily5,570 SF
Financed 11/09/2018
the dealplayerscompscontact
Property Image
FINANCED

Meridian Capital Group Acquires Multifamily Property On Upper West Side For $2.2M

22 W 90th St, New York, NY 10024, USA

See Similar Deals
MultiFamily5,570 SF
Financed 11/09/2018
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:5,570 SF
Transaction Type:Loan

The multifamily property located at 22 West 90th Street in the Upper West Side has been involved in a recent transaction. The property consists of 9 units and has a loan amount of $2,200,000. Sadoro LLC, represented by Moses Abraham, is the landlord of the property. The lender for the acquisition loan is New York Community Bank. The transaction was facilitated by Meridian Capital Group and YM Neumann.

Summary of Transaction Details:

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Address: 22 West 90th Street
  • Market: Upper West Side
  • Units: 9
  • Lender: New York Community Bank
  • Landlord: Sadoro LLC – Moses Abraham
  • Broker: Meridian Capital Group

Moses Abraham, representing Sadoro LLC, acted as the landlord in this transaction. New York Community Bank provided the acquisition loan. The deal was facilitated by Meridian Capital Group and YM Neumann.

Players

Michael Newsome
NAI Global
Michael Newsome
2 deals$2.2M volume
BROKER

Details

FINANCED
IMAGE: Michael Neumann DATE: 11/09/2018 ADDRESS: 22 West 90th Street MARKET: Upper West Side ASSET TYPE: Multifamily LENDER: New York Community Bank LANDLORD: Sadoro LLC – Moses Abraham BROKER: @Meridian.Capital.Group @YMNeumann LOAN AMOUNT: $2,200,000 LOAN TYPE: Acquisition Loan UNITS: 9

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,200,000.00

Monthly NOI$14,666.67
Monthly Debt Service$13,905.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00