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233 E 60th St, New York, NY...

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

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

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

$2,200,000

$391/SF

Building Size

5,618 SF

Asset Type

MultiFamily

Closing

Apr 29, 2020

AI

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

Lev

Broker

$13.6M

vol

4 deals

Broker
Yaakov Zar
Verified Badge

Yaakov Zar

Lev

Broker

$189.3M

vol

34 deals

Broker
Emigrant Bank
Emigrant BankLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93