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Alfred Sabetfard Refinances Gramercy Park Multifamily With $9.4M Loan From Greystone
FINANCED
$9,400,000
New York
See Similar DealsMultiFamily
Financed 04/18/2024
FINANCED
Alfred Sabetfard Refinances Gramercy Park Multifamily With $9.4M Loan From Greystone
332 East 19th Street
See Similar DealsMultiFamily
Financed 04/18/2024
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The Gramercy Park apartment building, located at 332 East 19th Street in Manhattan, has been refinanced by the Sabet Group. Alfred Sabetfard, the landlord, secured a $9.4 million loan from Greystone for this multifamily asset.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $9,400,000
- Address: 332 East 19th Street
- Market: Gramercy Park, Manhattan
- Lender: Greystone
- Landlord: Alfred Sabetfard
- Loan Type: Refinance
The loan for the Gramercy Park apartment building was facilitated by Greystone, a notable lending institution. Alfred Sabetfard, the landlord, successfully refinanced the property, showcasing his adeptness in managing real estate assets in the competitive Manhattan market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$9,400,000.00
Monthly NOI$62,666.67
Monthly Debt Service$59,414.39
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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