Akiva Gottlieb, Richard Sutton & Yaakov Zar Acquire Multifamily Property In Upper East Side For $8M
FINANCED
$8,000,000
New York
See Similar DealsMultiFamily16,840 SF
Financed 05/04/2022
FINANCED
Akiva Gottlieb, Richard Sutton & Yaakov Zar Acquire Multifamily Property In Upper East Side For $8M
324-326 East 84th Street
See Similar DealsMultiFamily16,840 SF
Financed 05/04/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:16,840 SF
Transaction Type:Loan
A multifamily property located at 324-326 E 84th St in the Upper East Side neighborhood was recently involved in a closed transaction. The property spans approximately 16,840 square feet, making it a significant asset in the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Loan Type: Recapitalization
- Loan Terms: Rate: 3.5%, LTV: 70%, Term: 5 Years, Amortization: 30 Years, Non-recourse
The deal was facilitated by three brokers from Lev Capital, namely Akiva Gottlieb, Richard Sutton, and Yaakov Zar. They represented the involved parties throughout the transaction process.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,000,000.00
Monthly NOI$53,333.33
Monthly Debt Service$50,565.44
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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