Updated Nov 3, 2025
A&E Real Estate Refinances 266-Unit Multifamily At 575 Amsterdam Avenue With Invesco Loan For $133M
575 Amsterdam Avenue
$133,000,000
$409/SF
Building Size
324,992 SF
Asset Type
MultiFamily
Closing
Oct 14, 2025
About this deal
AI
A&E Real Estate refinanced its multifamily asset located at 575 Amsterdam Avenue, situated in Manhattan’s Upper West Side. The property consists of 266 residential units within a total square footage of 324,992. The refinancing was executed with a substantial loan amount of $133 million.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $133,000,000
- Address: 575 Amsterdam Avenue
- Market: Upper West Side
- Lender: Invesco
- Landlord: James Patchett - A&E Real Estate
- Loan Type: Refinance
In this transaction, James Patchett represented A&E Real Estate in securing the refinancing with Invesco, highlighting the collaboration between the landlord and the lender in managing financial strategies for the multifamily building.
On the Map
$133,000,000
$409/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93