BankUnited Provides $47M Loan For Rose Associates' Upper East Side Multifamily Property
FINANCED
$47,000,000
New York
See Similar DealsMultiFamily97,642 SF
Financed 02/17/2022
FINANCED
BankUnited Provides $47M Loan For Rose Associates' Upper East Side Multifamily Property
301 East 94th Street, New York City, New York 10128, United States
See Similar DealsMultiFamily97,642 SF
Financed 02/17/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$481
Total Square Footage:97,642 SF
Transaction Type:Loan
The multifamily property located at 301 East 94th Street in the Upper East Side has been involved in a recent transaction. The property consists of 108 units and is owned by Rose Associates, represented by Marc Ehrlich and Marmara Group. The deal was facilitated by brokers Steve Kohn, Alex Hernandez, and Alex Lapidus from Cushman & Wakefield. The transaction took place on February 17, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Address: 301 East 94th Street
- Market: Upper East Side
- Units: 108
The lender for the transaction was BankUnited. The loan amount for the deal was $47,000,000. The involvement of key individuals such as Steve Kohn, Alex Hernandez, and Alex Lapidus from Cushman & Wakefield highlights their role as brokers in this deal. It is worth noting that Rose Associates was represented by Marc Ehrlich and Marmara Group as the landlords in this transaction.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,000,000.00
Monthly NOI$313,333.33
Monthly Debt Service$297,071.97
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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