Updated Sep 26, 2024
Lev Capital Facilitates $18M Acquisition Loan For Multifamily Property In East Village
333-337 East 13th Street, New York City, New York 10003, United States
$18,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 24, 2022
About this deal
AI
Located at 333-337 East 13th Street in the East Village neighborhood of Manhattan, this recent closed property transaction involved a multifamily asset. The deal was facilitated by brokers Yaakov Zar, Richard Sutton, Akiva Gottlieb, and Ross Reiffman of Lev Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,000,000
- Loan Type: Acquisition Loan
The loan amount for this acquisition loan was $18,000,000. The property is a multifamily asset located at 333-337 East 13th Street in the East Village market of Manhattan. The brokers involved in the transaction were Yaakov Zar, Richard Sutton, Akiva Gottlieb, and Ross Reiffman from Lev Capital.
On the Map
$18,000,000
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
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93