Updated Oct 12, 2026
Troy Realty Capital Secures $15,625,000 Loan For Multifamily Acquisition In New York
323 East 88th Street
$15,625,000
Units
60
Asset Type
MultiFamily
Closing
Sep 18, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 319-323 East 88th Street in the New York market, consisting of 60 units. The loan amount secured for this acquisition is $15,625,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,625,000
- Lender: Balbec Capital LP
- Borrower: Troy Realty Capital
- Landlord's Representative: Max Ralby & Capri Van Gilder - Newmark
Max Ralby and Capri Van Gilder of Newmark represent the landlord in this transaction, facilitating the loan arrangement for the acquisition of the multifamily property. Their involvement assists in navigating the complexities of the deal and ensures alignment with the borrower, Troy Realty Capital.
On the Map
$15,625,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93