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556 3rd Avenue, New York Ci...

White Oak Real Estate Capital Provides $52.5M Refinance Loan For Multifamily In Murray Hill
FINANCEDMultiFamily

White Oak Real Estate Capital Provides $52.5M Refinance Loan For Multifamily In Murray Hill

556 3rd Avenue, New York City, New York 10016, United States

$52,500,000

$525/SF

Building Size

100,000 SF

Asset Type

MultiFamily

Closing

Dec 30, 2021

AI

The recently closed transaction involves a multifamily property located at 556 Third Avenue in Murray Hill. The property spans approximately 100,000 square feet and is situated in a bustling market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $52,500,000
  • Address: 556 Third Avenue
  • Market: Murray Hill

White Oak Real Estate Capital provided a loan of $52,500,000 to the property owner, Townhouse Management, for the purpose of refinancing. The landlord, William Maidman of Townhouse Management, oversaw the transaction. Michael Campbell of The Carlton Group acted as the broker representing the parties involved in the deal.

For further information, interested parties can reach out to Michael Campbell at The Carlton Group by contacting (212) 716-5611 or via email at [email protected].

Players

Michael Campbell

The Carlton Group

Broker

$876.3M

vol

6 deals

Broker

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

0.30%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93