Updated Apr 3, 2025
A&E Real Estate Holdings Refinances Multifamily Property In Upper West Side With $138M Loan From MF1 Capital
575 Amsterdam Avenue, New York City, New York 10024, United States
$138,000,000
$424/SF
Building Size
324,992 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
An multifamily property located at 575 Amsterdam Avenue in the Upper West Side of Manhattan has recently undergone a loan refinance transaction. The property, which spans an impressive 324,992 square feet and consists of 266 units, is owned by A&E Real Estate Holdings.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $138,000,000
- Address: 575 Amsterdam Avenue
- Market: Upper West Side, Manhattan
- Square Footage: 324,992
- Units: 266
The loan for the property refinance was provided by MF1 Capital. The borrowers, A&E Real Estate Holdings, sought a loan amount of $138,000,000 from MF1 Capital to refinance the property. The transaction, which successfully concluded on 08/03/2022, allowed A&E Real Estate Holdings to secure favorable financing terms for the multifamily asset on Amsterdam Avenue.
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
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93