Updated Oct 28, 2024
Apple Bank For Savings Provides $12.5M Loan For Multifamily Property On Upper West Side
575 West End Avenue, Manhattan, New York, NY, USA
$12,500,000
$119/SF
Building Size
104,942 SF
Asset Type
MultiFamily
Closing
Sep 29, 2020
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 575 West End Avenue on the Upper West Side. The property spans a total area of 104,942 square feet and consists of 54 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,500,000
- Lender: Apple Bank For Savings
- Landlord: William Moses Co.
- Market: Upper West Side
Apple Bank For Savings provided a loan of $12,500,000 for this transaction. The landlord of the property is William Moses Co.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93