Updated Sep 19, 2025
Kensuke Ozaki Of ThirdWave Group Secures $6.8 Million Refinance From Sumitomo Mitsui In Upper West Side
250 West 102nd Street & 248 West 102nd Street
$6,800,000
Units
10
Asset Type
MultiFamily
Closing
Sep 5, 2025
About this deal
AI
The asset involved in this transaction consists of two 10-unit walkup buildings located at 248 and 250 West 102nd Street in the Upper West Side market. The transaction was a refinancing deal, with a loan amount of $6,800,000 secured for the properties.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Lender: Sumitomo Mitsui Banking Corporation
- Landlord: Kensuke Ozaki - ThirdWave Group
- Loan Type: Refinance
The deal was executed by Kensuke Ozaki representing ThirdWave Group, who secured the refinancing from Sumitomo Mitsui Banking Corporation for the two multifamily buildings on the Upper West Side.
On the Map
$6,800,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93