Updated Oct 28, 2024
Tavros Capital Acquires Multifamily Property In Chelsea With $65.3M Loan From Nonghyup Bank
351 West 14th Street, Manhattan, New York, NY, USA
$65,300,000
$1,355/SF
Building Size
48,184 SF
Asset Type
MultiFamily
Closing
Jul 13, 2020
About this deal
AI
A multifamily property located at 351 West 14th Street in Chelsea has recently undergone a closed transaction. The property is a part of the thriving market in Chelsea, known for its vibrant community and convenient location.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $65,300,000
- Lender: Nonghyup Bank 🇰🇷
- Landlord: Tavros Capital
- Date: 07/13/2021
Nicholas Silvers and Dov Barnett were involved in the transaction as represented by their respective agency. The deal was facilitated by Tavros Capital, acting as the landlord. Nonghyup Bank 🇰🇷 provided a loan for the transaction, demonstrating its active involvement in the real estate market.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93