Joe Ienco Acquires West Village Multifamily With $11.8M Loan From Morgan Stanley
FINANCED
$11,800,000
New York
See Similar DealsMultiFamily650 SF
Financed 11/03/2020
FINANCED
Joe Ienco Acquires West Village Multifamily With $11.8M Loan From Morgan Stanley
10 Charles St, New York, NY 10014, USA
See Similar DealsMultiFamily650 SF
Financed 11/03/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$18,153
Total Square Footage:650 SF
Transaction Type:Loan
An $11,800,000 loan was secured for a multifamily property located at 10 Charles Street and 35 Perry Street in the West Village. The loan term is set for 10 years, with the full term being interest only. The lender for this transaction is Morgan Stanley, while the landlord of the property is Joe Ienco. The broker representing the deal is Matthew Shatz of B6 Real Estate Advisors.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,800,000
- Loan Terms: 10 Years - Full Term Interest Only
- Lender: Morgan Stanley
- Landlord: Joe Ienco
- Broker: Matthew Shatz - B6 Real Estate Advisors
Matthew Shatz, a Director of Capital Advisory at B6 Real Estate Advisors, played a crucial role in securing the loan for this West Village multifamily property transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,800,000.00
Monthly NOI$78,666.67
Monthly Debt Service$74,584.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions