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220 East 72nd Street

Helaba Provides $116.5M Refinance Loan For Upper East Side Multifamily Property
FINANCEDMultiFamily

Helaba Provides $116.5M Refinance Loan For Upper East Side Multifamily Property

220 East 72nd Street

$116,542,000

$719/SF

Building Size

162,000 SF

Asset Type

MultiFamily

Closing

Jun 30, 2022

AI

The multifamily property located at 220 E. 72nd St. in the Upper East Side has undergone a refinancing transaction. The property spans across 162,000 square feet and consists of 150 units. The transaction involved a loan provided by Helaba in the amount of $116,542,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $116,542,000
  • Address: 220 E. 72nd St.
  • Market: Upper East Side
  • Square Footage: 162,000
  • Units: 150

The loan was obtained by the property's landlords, USAA Real Estate, PGGM, and The Dermot Company. The refinancing was facilitated by brokers Gideon Gil, Kempton Coady, and Zach Kraft.

Players

Gideon Gil

Cushman & Wakefield

Broker

$11.1B

vol

50 deals

Broker
Helaba
HelabaLender
USAA Real Estate
USAA Real EstateLandlord

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

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93