Updated Sep 9, 2024
Refinance Loan Secured By Yongyut Limleartvate's New York City Package Deal
39 E 13th St New York, NY 10003, USA
$5,755,000
$319/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Jul 25, 2023
About this deal
AI
A package deal involving two properties located at 39 East 13th Street and 35-23 72nd Street in New York City has secured a refinancing loan. The total square footage of the package deal is 18,000 square feet. The properties are owned by Yongyut Limleartvate and were brokered by Joseph Hach, Max Goveia, and Peter Cohen of Refined.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $5,755,000
- Loan Type: Refinance
- Landlord: Yongyut Limleartvate
- Lender: Spring Bank
- Brokers: Joseph Hach, Max Goveia & Peter Cohen - Refined
The package deal's refinancing loan was provided by Spring Bank. The loan amount for the deal is $5,755,000. The brokers involved in the transaction were Joseph Hach, Max Goveia, and Peter Cohen, representing Refined.
On the Map
$5,755,000
$319/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93