Signature Bank Refinances Multifamily Property On Upper West Side For $42.8M
585 West End Avenue, New York City, New York 10024, United States
$42,841,912
$204/SF
Building Size
209,113 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
AI
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.
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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93