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446 West 55th Street

Avi Eyal's FM Capital Refinances Multifamily Property In New York City
FINANCEDMultiFamily

Avi Eyal's FM Capital Refinances Multifamily Property In New York City

446 West 55th Street

$5,450,000

$545/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Mar 17, 2023

AI

The multifamily property located at 446 West 55th Street in New York City has been involved in a recent loan transaction. The property spans approximately 10,000 square feet and consists of 20 units. This transaction took place on the date of March 17, 2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Loan Amount: $5,450,000
  • Loan Type: Refinance

The loan was provided by BFCU, a lending institution. The landlord, Nadv Hamo, was involved in this transaction. Avi Eyal from FM Capital represented the landlord as the broker for this deal. For more information and to discuss any financing needs, Avi Eyal can be contacted at [email protected].

Players

Avi Eyal

TrueCap

Broker

$140.1M

vol

13 deals

Broker
B
BFCULender

Market 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

2.91%

Cash-on-Cash

-0.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93