Updated Feb 16, 2024
Jeno Guttmann Secures $75.96M Loan For Washington Heights Multifamily
2608 Amsterdam Avenue, New York City, New York 10040, United States
$75,965,000
$182/SF
Building Size
416,056 SF
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
Located at 2608 Amsterdam Avenue, 516 West 188th Street, and 514 West 184th Street in the Washington Heights neighborhood, this multifamily property spans approximately 416,056 square feet and consists of 118 units. The property recently underwent a closed transaction, with the landlord being Jeno Guttmann.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $75,965,000
- Address: 2608 Amsterdam Avenue, 516 West 188th Street, and 514 West 184th Street
- Market: Washington Heights
- Square Footage: 416,056
- Units: 118
Signature Bank provided a loan of $75,965,000 for this transaction.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93