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3971 Gouverneur Ave Bronx, ...

Double Key Management Refinances Multifamily Property In New York City With Dwight Capital For $14.9M
FINANCEDMultiFamily

Double Key Management Refinances Multifamily Property In New York City With Dwight Capital For $14.9M

3971 Gouverneur Ave Bronx, NY 10463, USA

$14,879,800

$227/SF

Building Size

65,394 SF

Asset Type

MultiFamily

Closing

Jul 27, 2023

AI

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.

Players

Dwight Capital
Dwight CapitalLender

Justin Lee

Landlord

$17.6M

vol

2 deals

Landlord

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

1.07%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93