Updated May 12, 2025
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
$13,800,000
$444/SF
Building Size
31,079 SF
Asset Type
MultiFamily
Closing
Oct 24, 2019
About this deal
AI
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
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93