Updated Dec 3, 2024
Kushner Cos. Acquires Multifamily Properties In East Village For $36.5M
99 E 3rd St, New York, NY 10003, USA
$36,500,000
Units
73
Asset Type
MultiFamily
Closing
Nov 20, 2019
About this deal
AI
The multifamily property located at 23 Ave A, 99 East 3rd St, 325 East 10th St, 174 East 2nd St, and 170 East 2nd St in the East Village has been involved in a closed transaction. The property consists of 73 units and was acquired by Kushner Cos., a real estate company.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Lender: citibank''>Citibank
- Landlord: Kushner Cos.
- Units: 73
In this transaction, the lender involved was Citibank. Kushner Cos. acted as the landlord and acquired the property. The deal was finalized with a loan amount of $36,500,000.
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93