Updated May 12, 2025
Feil Organization Secures $62 Million Refinance Loan For 364-Unit Multifamily At 4 Park Avenue
4 Park Avenue
$62,000,000
Units
364
Asset Type
MultiFamily
Closing
Mar 31, 2025
About this deal
AI
A multifamily asset located at 4 Park Avenue in Midtown South, Manhattan comprises 364 residential units. The asset was refinanced through a loan with an amount of $62 million from M&T Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $62,000,000
- Address: 4 Park Avenue
- Market: Midtown South, Manhattan
- Lender: M&T Bank
- Landlord: Jeffrey Feil - Feil Organization
- Loan Type: Refinance
- Units: 364
The deal involved Jeffrey Feil representing the Feil Organization, which manages the property, securing the refinancing option to support their multifamily asset at this location.
On the Map
$62,000,000
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93