BMO Provides $95M Refinance Loan For Multifamily/Mixed-Use Portfolio In New York City
FINANCED
$95,000,000
New York
See Similar DealsMultiFamily780,564 SF
Financed 06/01/2023
FINANCED
BMO Provides $95M Refinance Loan For Multifamily/Mixed-Use Portfolio In New York City
1443 York Avenue, 2410 Broadway New York, NY 10024, USA, 324 West 84th Street, 245 West 51st Street & 107 West 68th Street
See Similar DealsMultiFamily780,564 SF
Financed 06/01/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$121
Total Square Footage:780,564 SF
Transaction Type:Loan
The multifamily/mixed-use property located at 2410 Broadway, 324 West 84th Street, 245 West 51st Street, 107 West 68th Street, and 1443 York Avenue in New York City has recently undergone a loan refinancing. The property comprises 201 residential units and 11 commercial units, with a total area of 194,891 square feet.
Summary of transaction details
- Property Type: Multifamily/Mixed-Use
- Transaction Amount: $95,000,000
- Lender: BMO
- Loan Type: Refinance
- Brokers: Simon Rosenfeld - Meridian Capital Group
BMO, represented by Jeff Froccaro, provided the loan amount of $95,000,000 for the refinancing of this multifamily/mixed-use property. Simon Rosenfeld, from Meridian Capital Group, assisted in brokering the deal. This transaction allows for the continuation of property operations and further investment opportunities.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$95,000,000.00
Monthly NOI$633,333.33
Monthly Debt Service$600,464.62
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions