Engel Burman Secures $85M Loan For Long Island Multifamily Property
FINANCED
$85,000,000
+ 1
New York
See Similar DealsMultiFamily286,000 SF
Financed 08/06/2021
FINANCED
Engel Burman Secures $85M Loan For Long Island Multifamily Property
300 Sutton Place, New York, NY, USA
See Similar DealsMultiFamily286,000 SF
Financed 08/06/2021
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:286,000 SF
Transaction Type:Loan
300 Sutton Court, a multifamily property located in Long Island, was involved in a recent loan transaction. The property has a total square footage of 286,000 and is owned by Engel Burman.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $85,000,000
- Market: Long Island
- Lender: PCCP Capital
- Brokers: Jonathan Schwartz, Adam Schwartz, Aaron Appel, and Keith Kurland - Walker & Dunlop
The loan amount for this transaction was $85,000,000. The deal was facilitated by PCCP Capital as the lender, with representation from brokers Jonathan Schwartz, Adam Schwartz, Aaron Appel, and Keith Kurland of Walker & Dunlop.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$85,000,000.00
Monthly NOI$566,666.67
Monthly Debt Service$537,257.82
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions