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
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