facebook
Traded Co logo
Submit

Jacob Nefoussi | Meridian Capital Group Arranges $2.5M Purchase Loan For Multifamily Property In New York

Property Image
FINANCED
$2,500,000
Jacob Nefoussi
TA

New York

See Similar Deals
MultiFamily14,680 SF
Financed 02/15/2023
the dealplayerscompscontact
Property Image
FINANCED

Jacob Nefoussi | Meridian Capital Group Arranges $2.5M Purchase Loan For Multifamily Property In New York

31-23 47th Street

See Similar Deals
MultiFamily14,680 SF
Financed 02/15/2023
Jacob Nefoussi
TA
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:14,680 SF
Transaction Type:Loan

The multifamily property located at 31-23 47th Street in New York was recently involved in a loan transaction. The property spans a total of 14,680 square feet and is owned by Tarek Alam.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Loan Type: Purchase

The loan for the property amounted to $2,500,000 and was used for the purchase of the asset. The transaction was facilitated by Jacob Nefoussi from Meridian Capital Group, who represented Tarek Alam throughout the deal.

Players

Jacob Nefoussi
Meridian Capital Group
Jacob Nefoussi
1 deal$2.5M volume(212) 612-0184
BROKER
TA
Tarek Alam
4 deals$24M volume
LANDLORD

Details

FINANCED
IMAGE: Jacob Nefoussi DATE: 02/15/2023 ADDRESS: 31-23 47th Street MARKET: New York ASSET TYPE: Multifamily ~ SF: 14,680 LANDLORD: Tarek Alam BROKER: Jacob Nefoussi - Meridian Capital Group LOAN AMOUNT: $2,500,000 LOAN TYPE: Purchase

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

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
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$2,500,000.00

Monthly NOI$16,666.67
Monthly Debt Service$15,801.70
Change in Cash Flow$0.00
Refinance Proceeds$0.00