Updated Oct 28, 2024
Citi Real Estate Funding Provides $30.2M Loan For Multifamily Property In Union Square
58 W 14th St, Manhattan, New York, NY, USA
$30,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 21, 2020
About this deal
AI
A multifamily property located at 58 West 14th St. & 18-20 East 14th St. in the Union Square market has recently undergone a closed transaction. The property, owned by CB Developers, was involved in a loan deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $30,200,000
- Market: Union Square
- Lender: Citi Real Estate Funding
Citi Real Estate Funding provided a loan of $30,200,000 for the multifamily property at 58 West 14th St. & 18-20 East 14th St. The loan transaction took place on 06/21/2021. CB Developers, the landlord, secured the loan for this property in the Union Square market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93