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
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