NewPoint Real Estate Capital Provides $247.3M Refinance Loan For Harlem Multifamily Portfolio By Fairstead
30 West 141st Street, New York City, New York 10031, United States
$247,345,000
$247,345,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Sep 12, 2022
AI
Located in Harlem, Manhattan, the multifamily property at 30 West 141st Street, 15 West 139th Street, and 2300 5th Avenue has recently undergone a refinancing transaction. With a total of 3,344 units and a sprawling 1,297,226 square feet, this property offers extensive residential space for its residents.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $247,345,000
- Loan Type: Refinance
- Lender: NewPoint Real Estate Capital - Dee Anna Aday
- Landlord: Fairstead - Jeffrey Goldberg
Leading the financial aspect of the transaction is NewPoint Real Estate Capital, represented by Dee Anna Aday. They provided a loan amount of $247,345,000 to support the refinancing process. On the other hand, Fairstead, headed by Jeffrey Goldberg, serves as the landlord for this multifamily property in Harlem.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93