Updated Oct 28, 2024
S.W. Management Secures $28.2M Refinance Loan From New York Community Bank - Upper West Side Multifamily
230 West 99th Street, New York City, New York 10025, United States
$28,200,000
$263/SF
Building Size
107,203 SF
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 230 West 99th Street, 212-216 West 99th Street, and 200-210 West 99th Street in the Upper West Side market. The property has a total square footage of 107,203.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $28,200,000
- Loan Amount: $28,200,000
- Loan Type: Refinance
- Lender: New York Community Bank
- Landlord: S.W. Management
In this transaction, the borrower refinanced the property with a loan amount of $28,200,000 provided by New York Community Bank. The landlord for the property is S.W. Management.
On the Map
$28,200,000
$263/SF
MultiFamily
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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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93