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
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93