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535 W 43rd St, New York, NY...

Patrinely Group, DHA Capital, And USAA Real Estate Co Refinances MultiFamily Property In HellsKitchen, Manhattan For $169M
FINANCEDMultiFamily

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

Adam Doneger

Newmark

Broker

$51.2B

vol

196 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$73B

vol

270 deals

Broker
Pacific Coast Capital Partners (PCCP)
Pacific Coast Capital Partners (PCCP)Lender
USAA Real Estate
USAA Real EstateLandlord

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