Steven Croman's Multifamily Property In West Village Acquired For $13.8M With New York Community Bank Loan
FINANCED
$13,800,000
New York
See Similar DealsMultiFamily31,079 SF
Financed 10/25/2019
FINANCED
Steven Croman's Multifamily Property In West Village Acquired For $13.8M With New York Community Bank Loan
234 W 14th St, New York, NY 10011, USA
See Similar DealsMultiFamily31,079 SF
Financed 10/25/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$444
Total Square Footage:31,079 SF
Transaction Type:Loan
The property involved in the transaction is a multifamily asset located at 234-236 W 14th Street in the West Village market. The loan amount secured for this property is $13,800,000, encompassing a total of 31,079 square feet and 30 residential units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,800,000
- Address: 234-236 W 14th Street
- Market: West Village
- Lender: New York Community Bank
- Landlord: Steven Croman
- Square Footage: 31,079
- Units: 30
Key individuals in this transaction include Steven Croman, who is the landlord and owner of over 100 buildings in Manhattan, representing a significant presence in the local real estate market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,800,000.00
Monthly NOI$92,000.00
Monthly Debt Service$87,225.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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