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Tavros Capital Acquires Multifamily Property In Chelsea With $65.3M Loan From Nonghyup Bank

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FINANCED
$65,300,000

New York

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MultiFamily48,184 SF
Financed 07/13/2020
the dealdetailscomps
Property Image
FINANCED

Tavros Capital Acquires Multifamily Property In Chelsea With $65.3M Loan From Nonghyup Bank

351 West 14th Street, Manhattan, New York, NY, USA

See Similar Deals
MultiFamily48,184 SF
Financed 07/13/2020
the dealdetailscomps

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,355
Total Square Footage:48,184 SF
Transaction Type:Loan

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.

Details

FINANCED
IMAGE: Nicholas Silvers & Dov Barnett DATE: 07/13/2021 ADDRESS: 351 West 14th Street MARKET: Chelsea ASSET TYPE: Multifamily LENDER: Nonghyup Bank 🇰🇷 LANDLORD: Tavros Capital LOAN AMOUNT: $65,300,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$65,300,000.00

Monthly NOI$435,333.33
Monthly Debt Service$412,740.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00