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Drew Popkin Of Highpoint Property Group Refinances East Village Multifamily Buildings For $14.8M
FINANCED
$14,800,000
New York
See Similar DealsMultiFamily50,888 SF
Financed 05/07/2026
FINANCED
Drew Popkin Of Highpoint Property Group Refinances East Village Multifamily Buildings For $14.8M
436 East 13th Street & 442 East 13th Street
See Similar DealsMultiFamily50,888 SF
Financed 05/07/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$290
Total Square Footage:50,888 SF
Transaction Type:Loan
The transaction involved two multifamily elevator buildings located at 436 East 13th Street and 442 East 13th Street in the East Village, Manhattan. The total square footage of the asset is 25,444. The refinance was executed with a loan amount of $14,800,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $14,800,000
- Lender: Natixis
- Landlord: Drew Popkin - Highpoint Property Group
- Number of Residential Units: 12
- Ownership Entity: 436 & 442 East 13th Street Owner LLC
Drew Popkin, representing Highpoint Property Group, played a key role in the refinancing arrangement, consolidating the financing for both properties under one loan through the lender, Natixis.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$14,800,000.00
Monthly NOI$98,666.67
Monthly Debt Service$93,546.07
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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