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560 West 43rd Street

Freddie Mac Provides $128.33M Loan For Multifamily Acquisition In Hell's Kitchen
FINANCEDMultiFamily

Freddie Mac Provides $128.33M Loan For Multifamily Acquisition In Hell's Kitchen

560 West 43rd Street

$128,331,000

Building Size

Asset Type

MultiFamily

Closing

Jul 10, 2025

AI

The property asset involved in the transaction is a multifamily building located at 560 West 43rd Street in the Hell's Kitchen market. It comprises a total of 418 units and has secured a loan amount of $128,331,000 for acquisition purposes.

Summary of transaction details:

The transaction saw the involvement of key brokers representing the deal, specifically Kellogg Gaines, Geoff Goldstein, and Michael Shmuely from JLL, who played crucial roles in facilitating the loan process with Freddie Mac, securing funding for the landlord JP Morgan.

Players

Kellogg Gaines

JLL

Broker

$2B

vol

9 deals

Broker
JLL
JLLBrokerage
Freddie Mac
Freddie MacLender

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

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93