Bruce Camacho Secures $7M Refinance Loan In West Village, Manhattan
520 Hudson Street
$7,000,000
$294/SF
Building Size
23,778 SF
Asset Type
MultiFamily
Closing
Apr 2, 2024
AI
A 24-unit residential elevator building located at 520 Hudson Street in West Village, Manhattan has secured a $7 million refinance loan from Maspeth Federal Savings & Loan Association. The property spans 23,778 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Units: 24
- Lender: Maspeth Federal Savings & Loan Association - Arlene Carcione
- Landlord: Bruce Camacho
Bruce Camacho, represented by 247 West Realty Corp., was the key figure in securing the $7 million refinance loan for the multifamily property at 520 Hudson Street. Arlene Carcione from Maspeth Federal Savings & Loan Association played a crucial role as the lender in this deal.
Players
New York 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93