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:
- Property Type: Multifamily
- Transaction Amount: $128,331,000
- Lender: Freddie Mac
- Landlord: JP Morgan
- Brokers: Kellogg Gaines, Geoff Goldstein, and Michael Shmuely - JLL
- Date of transaction: 7/11/2025
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
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