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Emigrant Bank Provides $2.2M Loan For Upper East Side Multifamily

Property Image
FINANCED
$2,200,000

New York

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MultiFamily5,618 SF
Financed 04/30/2020
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Property Image
FINANCED

Emigrant Bank Provides $2.2M Loan For Upper East Side Multifamily

233 E 60th St, New York, NY 10022, USA

See Similar Deals
MultiFamily5,618 SF
Financed 04/30/2020
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:5,618 SF
Transaction Type:Loan

The multifamily property located at 233 E 60th Street in the Upper East Side has been involved in a closed transaction. The property consists of 5,618 square feet and includes 5 units. The lender for this transaction was Emigrant Bank and the landlord is Nancy Shubert. The brokers representing this deal were Yaakov Zar and Gunnar Wilmot from LevCapital. No additional details were provided about the property.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,200,000
  • Lender: Emigrant Bank
  • Landlord: Nancy Shubert
  • Brokers: Yaakov Zar & Gunnar Wilmot @LevCapital
  • Square Footage: 5,618
  • Units: 5

This transaction was facilitated by the brokers Yaakov Zar and Gunnar Wilmot from LevCapital. They played a key role in representing the parties involved in this deal, but no other information about the individuals or companies was provided.

Players

Gunnar Wilmot
4 deals$13.6M volume
BROKER

Yaakov Zar
Lev
34 deals$189.3M volume
BROKER

Emigrant Bank
LENDER

Details

FINANCED
IMAGE: Yaakov Zar (@YJZar) & Gunnar Wilmot (@GpWilmot) DATE: 04/30/2020 ADDRESS: 233 E 60th Street MARKET: Upper East Side ASSET TYPE: Multifamily LENDER: Emigrant Bank LANDLORD: Nancy Shubert BROKERS: Yaakov Zar & Gunnar Wilmot @LevCapital LOAN AMOUNT: $2,200,000 SF: 5,618 UNITS: 5

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,200,000.00

Monthly NOI$14,666.67
Monthly Debt Service$13,905.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00