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
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.
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
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93