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39 E 13th St New York, NY 1...

Refinance Loan Secured By Yongyut Limleartvate's New York City Package Deal
FINANCEDMultiFamily

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

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.

Players

Joseph Hach

Refined

Broker

$149.4M

vol

24 deals

Broker
Spring Bank
Spring BankLender

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

2.76%

Cash-on-Cash

-0.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93