Updated Aug 5, 2026
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
$95,000,000
$121/SF
Building Size
1,000 SF
Asset Type
MultiFamily
Closing
Jun 1, 2023
About this deal
AI
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.
On the Map
$95,000,000
$121/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93