Updated May 19, 2026
Drew Popkin Of Highpoint Property Group Refinances East Village Multifamily Buildings For $14.8M
436 East 13th Street & 442 East 13th Street
$14,800,000
$290/SF
Building Size
25,444 SF
Asset Type
MultiFamily
Closing
May 7, 2026
About this deal
AI
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.
On the Map
$14,800,000
$290/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93