Updated Oct 28, 2024
Signature Bank Refinances $12.3M Loan For West Village Multifamily Property
220 West 13th Street, New York City, New York 10011, United States
$12,300,000
$900/SF
Building Size
13,662 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
The property involved in this transaction is a multifamily building located at 220 West 13th Street in the West Village. It spans a total area of 13,662 square feet and consists of 22 units. The property was recently refinanced through a loan.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,300,000
- Address: 220 West 13th Street
- Market: West Village
- Square Footage: 13,662
- Units: 22
The loan for this transaction was provided by Signature Bank. The landlord associated with this property is the Sabet Group.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93