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Peak Capital Secures $6.19M Refinance Loan For 10-Unit Multifamily At 230 West 72nd Street

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FINANCED
$6,195,000

New York

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MultiFamily11,580 SF
Financed 12/31/2024
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FINANCED

Peak Capital Secures $6.19M Refinance Loan For 10-Unit Multifamily At 230 West 72nd Street

230 West 72nd Street

See Similar Deals
MultiFamily11,580 SF
Financed 12/31/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$535
Total Square Footage:11,580 SF
Transaction Type:Loan

The property asset involved in the transaction is located at 230 West 72nd Street in the Lincoln Square market. It is a multifamily building comprising 11,580 square feet and contains 10 units. The loan amount associated with this transaction is $6,195,000 and is classified as a refinance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,195,000
  • Asset Size: 11,580 SF
  • Number of Units: 10
  • Address: 230 West 72nd Street
  • Market: Lincoln Square
  • Lender: Keybank
  • Lender's Representatives: Pranav Sarda & Rodney Shenman
  • Landlord: Peak Capital
  • Landlord's Representatives: David Gomez & Alex Rabin & HudsonPoint Group
  • Brokers: Michael Lohan & Mitch Uris - Nineteen Blocks

The key individuals involved in this deal include representatives from multiple entities. The lender's representatives from Keybank are Pranav Sarda and Rodney Shenman. On the landlord side, Peak Capital is represented by David Gomez and Alex Rabin, along with HudsonPoint Group. The brokerage representation is provided by Michael Lohan and Mitch Uris from Nineteen Blocks.

Players

7 deals$91.5M volume
BROKER

Michael Lohan
15 deals$643.3M volume
BROKER

Details

FINANCED
IMAGE: Michael Lohan, Alex Rabin & David Gomez DATE: 12/31/2024 ADDRESS: 230 West 72nd Street MARKET: Lincoln Square ASSET TYPE: Multifamily ~ SF: 11,580 ~ UNITS: 10 LENDER: Keybank (@KeyBank) - Pranav Sarda (@PranavSarda5) & Rodney Shenman LANDLORD: Peak Capital (@PeakCapitalRE) - David Gomez (@DavidGomezNYC) & Alex Rabin (@AlexBRabin) & HudsonPoint Group (@HudsonPoint) BROKERS: Michael Lohan (@MikeLohan) & Mitch Uris - Nineteen Blocks (@NineteenBlocks) LOAN AMOUNT: $6,195,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$6,195,000.00

Monthly NOI$41,300.00
Monthly Debt Service$39,156.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00