Updated Dec 4, 2024
State Farm Mutual Automobile Insurance Company Provides $30M Refinance Loan For Multifamily Property In Lenox Hill
254 East 68th Street, New York City, New York 10065, United States
$30,000,000
$86/SF
Building Size
348,130 SF
Asset Type
MultiFamily
Closing
Aug 7, 2022
About this deal
AI
The multifamily property located at 254 East 68th Street in Lenox Hill has recently undergone a loan refinance transaction. The property spans 348,130 square feet and consists of 172 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,000,000
- Address: 254 East 68th Street
- Market: Lenox Hill
- Square Footage: 348,130
- Number of Units: 172
The lender involved in the refinance is State Farm Mutual Automobile Insurance Company. The landlord of the property is Rudin Management. Eric Rudin is the image associated with the property transaction.
On the Map
$30,000,000
$86/SF
MultiFamily
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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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93