Updated Mar 11, 2025
Peak Capital Secures $13.1M Acquisition Loan From Derby Copeland Capital For Multifamily In Lenox Hill
308 East 78th Street
$13,100,000
$551/SF
Building Size
23,770 SF
Asset Type
MultiFamily
Closing
Jan 17, 2025
About this deal
AI
The property at 308 East 78th Street in Lenox Hill is a multifamily asset with a total square footage of 23,770. The acquisition loan secured for this property amounts to $13,100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,100,000
- Lender: Derby Copeland Capital
- Landlord: Alex Rabin & David Gomez - Peak Capital
- Brokers: Michael Lohan, Mitch Uris & Evan Gaines - Nineteen Blocks
- Loan Type: Acquisition
Nineteen Blocks, representing Peak Capital, was instrumental in securing the acquisition loan. This acquisition is another addition to Peak's portfolio, showcasing their continued investment in prime Upper East Side properties. For any equity and debt needs nationwide, interested parties can contact Evan at Nineteen Blocks.
On the Map
$13,100,000
$551/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93