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234 West 13th Street

Updated Dec 4, 2024

Bilt advertisement
Gatsby Enterprises Secures $14.3 Million Refinance Loan For MultiFamily Asset In West Village
FINANCEDMultiFamily

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

Flagstar Bank
Flagstar BankLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $542 per square foot on a published $14.3M for 26,377 square feet (2024).

Browse New York multifamily loans on Traded.

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

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