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230 West 72nd Street

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

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

230 West 72nd Street

$6,195,000

$535/SF

Building Size

11,580 SF

Asset Type

MultiFamily

Closing

Dec 31, 2024

AI

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

Mitch Uris

Broker

$91.5M

vol

7 deals

Broker

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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93