Patrinely Group, DHA Capital, And USAA Real Estate Co Refinances MultiFamily Property In HellsKitchen, Manhattan For $169M
535 W 43rd St, New York, NY 10036, USA
$169,000,000
$637/SF
Building Size
265,000 SF
Asset Type
MultiFamily
Closing
Jul 23, 2018
AI
The multi-family property located at 535 West 43rd Street in Hells Kitchen, Manhattan, New York City has recently undergone a refinancing deal. The property spans a total of 265,000 square feet and comprises 280 units. The loan amount for this transaction was $169 million.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $169M
- Address: 535 West 43rd Street, Hells Kitchen, Manhattan, New York City
- Market: HellsKitchen, Manhattan
- City: New York City
- Asset Type: MultiFamily
- Square Footage: 265K
- Units: 280
- Lender: Pacific Coast Capital Partners
- Landlord: Patrinely Group, DHA Capital, and USAA Real Estate Co
- Broker: Cushwake - Adam Doneger, Adam Spies, Gideon Gil, and others
This refinance deal was facilitated by Pacific Coast Capital Partners as the lender. The property is jointly owned by the Patrinely Group, DHA Capital, and USAA Real Estate Co. The brokerage firm involved in this transaction is Cushwake, with representatives including Adam Doneger, Adam Spies, Gideon Gil, and others.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93