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515 East 86th Street, Manha...

Updated Oct 28, 2024

MF1 Capital Provides $70M Refinance Loan For Multifamily Property In Yorkville
FINANCEDMultiFamily

MF1 Capital Provides $70M Refinance Loan For Multifamily Property In Yorkville

515 East 86th Street, Manhattan, New York, NY, USA

$70,000,000

$544/SF

Building Size

128,651 SF

Asset Type

MultiFamily

Closing

Jun 24, 2021

About this deal

AI

A multifamily property located at 515 E. 86th Street in Yorkville has recently undergone a refinancing transaction. The property spans approximately 128,651 square feet and comprises 140 units. The transaction was completed on June 25, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $70,000,000
  • Address: 515 E. 86th Street
  • Market: Yorkville
  • Square Footage: 128,651
  • Units: 140

MF1 Capital provided the refinancing loan for this transaction. The loan amount was $70,000,000. The landlord of the property is @Sky_Management.

The multifamily loan at 515 East 86th Street, Manhattan, New York, NY, USA in New York, New York financed for $70M in 2021. Reported inventory is 128,651 square feet across 140 units, or about 544 per square foot. This page is the New York, New York file for the 515 East 86th Street, Manhattan, New York, NY, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 515 East 86th Street, Manhattan, New York, NY, USA around 2021. Published consideration for 515 East 86th Street, Manhattan, New York, NY, USA is $70M, dated 2021. Cite this MF1 Capital Provides $70M Refinance Loan For Multifamily Property In Yorkville loan when underwriting similar multifamily product around New York, New York.

Players

MF1 Capital
MF1 CapitalLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $544 per square foot on a published $70M for 128,651 square feet (2021).

Browse New York multifamily loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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