Michael Chetrit Of The Chetrit Organization Secures $714M Loan From Rialto Capital For Multifamily Properties
FINANCED
$714,000,000
New York
See Similar DealsMultiFamily
Financed 11/07/2025
FINANCED
Michael Chetrit Of The Chetrit Organization Secures $714M Loan From Rialto Capital For Multifamily Properties
305 East 86th Street & 160 East 88th Street
See Similar DealsMultiFamily
Financed 11/07/2025
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The transaction involves a multifamily asset located at 305 East 86th Street (Yorkshire Towers) and 160 East 88th Street (Lexington Towers) in the Manhattan market, comprising a total of 804 units. The loan amount for this transaction was $714,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $714,000,000
- Lender: Rialto Capital
- Landlord: Michael Chetrit / The Chetrit Organization
- Landlord's Representative: Robert Verrone & Anthony D'Amelio - Iron Hound Management Company
Key individuals involved in this transaction include Michael Chetrit, representing The Chetrit Organization, and brokers Robert Verrone and Anthony D'Amelio from Iron Hound Management Company, who represented the landlord in securing the financing for the properties.
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
$714,000,000.00
Monthly NOI$4,760,000.00
Monthly Debt Service$4,512,965.69
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions