Double Key Management Refinances Multifamily Property In New York City With Dwight Capital For $14.9M
FINANCED
$14,879,800
New York
See Similar DealsMultiFamily65,394 SF
Financed 07/27/2023
FINANCED
Double Key Management Refinances Multifamily Property In New York City With Dwight Capital For $14.9M
3971 Gouverneur Ave Bronx, NY 10463, USA
See Similar DealsMultiFamily65,394 SF
Financed 07/27/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:65,394 SF
Transaction Type:Loan
A multifamily property located at 3971 Gouverneur Avenue in New York City has recently undergone a refinancing transaction. The property encompasses a total of 65,394 square feet and consists of 67 residential units. The transaction took place on 07/27/2023.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $14,879,800
- Address: 3971 Gouverneur Avenue
- Market: New York City
- Size: 65,394 square feet
- Number of Units: 67
The lender involved in the transaction is Dwight Capital, represented by Jack Tawil. The landlord of the property is Double Key Management, with Justin Lee acting as their representative. The loan amount for the refinancing was $14,879,800.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,879,800.00
Monthly NOI$99,198.67
Monthly Debt Service$94,050.46
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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