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
2 SF
Asset Type
MultiFamily
Closing
Dec 12, 2022
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:
- Farrukh Hasanov - Contact: 917-679-7995, Email: [email protected]
- Farkhad Hasanov - Contact: 9176-679-8680, Email: [email protected]
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93