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].
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