Updated Oct 28, 2024
New York Community Bank Provides $57.7M Loan For Multifamily Properties In Washington Heights
3851 Broadway, Manhattan, New York, NY, USA
$57,729,514
$138/SF
Building Size
418,156 SF
Asset Type
MultiFamily
Closing
May 4, 2021
About this deal
AI
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.
On the Map
$57,729,514
$138/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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93