New York Community Bank Provides $57.7M Loan For Multifamily Properties In Washington Heights
FINANCED
$57,729,514
New York
See Similar DealsMultiFamily418,156 SF
Financed 05/05/2021
FINANCED
New York Community Bank Provides $57.7M Loan For Multifamily Properties In Washington Heights
3851 Broadway, Manhattan, New York, NY, USA
See Similar DealsMultiFamily418,156 SF
Financed 05/05/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:418,156 SF
Transaction Type:Loan
A multifamily property located at 3851 Broadway and 4141 Broadway in Washington Heights has been involved in a loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $57,729,514
- Square Footage: 418,156
- Number of Units: 121
- Lender: New York Community Bank
- Landlord: Alma Realty
The loan amount for this transaction is $57,729,514. The property has a total square footage of 418,156 and consists of 121 units. The lender for this loan is New York Community Bank, while the landlord of the property is Alma Realty.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$57,729,514.00
Monthly NOI$384,863.43
Monthly Debt Service$364,889.80
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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