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356 West 48th Street

Updated Oct 29, 2024

Bilt advertisement
F2H Capital Group Arranges $5.8M Construction Loan For Multifamily Property In NYC
FINANCEDMultiFamily

F2H Capital Group Arranges $5.8M Construction Loan For Multifamily Property In NYC

356 West 48th Street

$5,800,000

$2,900,000/SF

Building Size

1 SF

Asset Type

MultiFamily

Closing

Dec 12, 2022

About this deal

AI

The recently closed property transaction involves a multifamily asset located at 356 West 48th Street in New York City. This property comprises a total of 20 units and is owned by Kings Capital.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,800,000
  • Address: 356 West 48th Street
  • Market: New York City
  • Units: 20

Acting as debt advisors, F2H Capital Group represented the parties involved in this deal. The brokers, Farkhad Hasanov and Farrukh Hasanov from F2H Capital Group, played a significant role in facilitating the transaction. They are experienced professionals who work with real estate investors, providing creative financing solutions for the acquisition, refinancing, or recapitalization of commercial real estate properties.

For further information on their services or complicated deals, interested investors can reach out to:

Players

Jeffrey Znaty

Kings Capital

Broker

$180.6M

vol

23 deals

Broker
Kings Capital
Kings CapitalLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $2.9M per square foot on a published $5.8M for 2 square feet (2022).

Visit Farrukh Hasanov to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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