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
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