Updated Mar 11, 2025
ZC Aurora Secures $8.48 Million Acquisition Loan From Berkadia For Hell's Kitchen Multifamily Property
356 West 48th Street
$8,487,000
$853/SF
Building Size
9,950 SF
Asset Type
MultiFamily
Closing
Dec 6, 2024
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 356 West 48th Street in the Hell's Kitchen market. The property has a total square footage of 9,950 and the loan amount secured for its acquisition is $8,487,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,487,000
- Address: 356 West 48th Street
- Market: Hell's Kitchen
- Lender: Berkadia
- Landlord: ZC Aurora
- Brokers: Farrukh Hasanov & Farkhad Hasanov - F2H Capital Group
- Loan Type: Acquisition
The key individuals involved in this deal are Farrukh Hasanov and Farkhad Hasanov, who represent F2H Capital Group as brokers. F2H Capital Group specializes in providing debt advisory services to real estate investors for acquiring, refinancing, or recapitalizing properties nationwide. Their expertise extends to helping clients with creative financing solutions.
On the Map
$8,487,000
$853/SF
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93