Updated Mar 11, 2025
City National Bank Provides $3.7M Loan For Multifamily Property On East 74th Street
234 East 74th Street, Manhattan, New York, NY 10021, USA
$3,745,000
$1,170/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Jul 2, 2020
About this deal
AI
The multifamily property located at 234 East 74th Street in Lenox Hill has been involved in a recent transaction. The property spans approximately 3,200 square feet and is situated in a desirable neighborhood.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,745,000
- Lender: City National Bank
- Brokers: Brad Domenico & John Libretti - Progress Capital
Brad Domenico and John Libretti of Progress Capital represented the parties involved in this deal. The loan amount of $3,745,000 was provided by City National Bank. These key individuals and companies played a crucial role in the successful completion of this transaction.
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
4.24%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93