Updated Mar 11, 2025
New York Community Bank Provides $8.18M Acquisition Loan For Midtown West Multifamily
320-326 West 55th Street, New York, NY 10019, USA
$8,180,000
$296/SF
Building Size
27,552 SF
Asset Type
MultiFamily
Closing
Aug 24, 2021
About this deal
AI
The multifamily property located at 320-326 & 329-333 West 55th Street in Midtown West has recently been involved in a loan transaction. The property spans approximately 27,552 square feet and consists of 63 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,180,000
- Lender: New York Community Bank
- Broker: Voula Viglis - Cosmos Capital Group
- Loan Type: Acquisition Loan
Voula Viglis from Cosmos Capital Group represented the parties involved in this loan transaction. New York Community Bank provided a loan amount of $8,180,000 for the acquisition of the property.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Voula Viglis to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.94%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93