Updated Oct 28, 2024
Greystone Provides $15.1M Loan For Upper East Side Multifamily
409 East 84th Street, Manhattan, New York, NY, USA
$15,125,000
$485/SF
Building Size
31,152 SF
Asset Type
MultiFamily
Closing
Jun 22, 2020
About this deal
AI
A multifamily property located at 409-413 E. 84th Street in the Upper East Side has recently secured a loan. The transaction took place on June 22, 2021. The asset type of the property is multifamily, indicating that it consists of multiple residential units.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,125,000
- Address: 409-413 E. 84th Street
- Market: Upper East Side
The lender for this loan is greystone''>Greystone, a prominent financing company. Representing the involved parties in the deal are Richard Horowitz and Justin Horowitz from Cooper Horowitz LLC.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93