Updated Dec 4, 2024
Gatsby Enterprises Secures $14.3 Million Refinance Loan For MultiFamily Asset In West Village
234 West 13th Street
$14,300,000
$542/SF
Building Size
26,377 SF
Asset Type
MultiFamily
Closing
Jul 23, 2024
About this deal
AI
The property asset involved in the transaction is located at 234 West 13th Street in the West Village, Manhattan. It is a multi-family asset comprising 26,377 square feet and includes a total of 37 residential units. The loan amount secured for this property is $14,300,000, which is identified as a refinance loan.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $14,300,000
- Loan Type: Refinance
- Address: 234 West 13th Street
- Market: West Village, Manhattan
- Asset Square Footage: 26,377
- Number of Units: 37
- Lender: John Feijoo - Flagstar Bank
- Landlord: Nader Ohebshalom, Jeanette Ohebshalom, Sherrie Ohebshalom, Lisa Ohebshalom, Jessica Ohebshalom & Isaac Ohebshalom - Gatsby Enterprises
The key individuals and companies involved in this deal include John Feijoo from Flagstar Bank, who served as the lender for the refinance loan. The landlords, collectively known as Gatsby Enterprises, consist of Nader Ohebshalom, Jeanette Ohebshalom, Sherrie Ohebshalom, Lisa Ohebshalom, Jessica Ohebshalom, and Isaac Ohebshalom, representing the ownership of the multi-family property.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93