Signature Bank Refinances Multifamily Property On Upper West Side For $42.8M
FINANCED
$42,841,912
New York
See Similar DealsMultiFamily209,113 SF
Financed 08/10/2022
FINANCED
Signature Bank Refinances Multifamily Property On Upper West Side For $42.8M
585 West End Avenue, New York City, New York 10024, United States
See Similar DealsMultiFamily209,113 SF
Financed 08/10/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$204
Total Square Footage:209,113 SF
Transaction Type:Loan
The property involved in this closed transaction is a multifamily asset located at 585 West End Avenue in the Upper West Side of Manhattan. The property spans a total square footage of 209,113 and consists of 132 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $42,841,912
- Address: 585 West End Avenue
- Market: Upper West Side, Manhattan
- Square Footage: 209,113
- Units: 132
The lender involved in this transaction is Signature Bank, represented by Konstantinos Venetsanakos. The loan amount for this refinance transaction is $42,841,912. The landlord of the property is S.W. Management, represented by Alan Wasserman.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$42,841,912.00
Monthly NOI$285,612.75
Monthly Debt Service$270,790.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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