Daily limit: 0/10
Buchbinder & Warren Refinances Midtown East Properties With $46.4M Loan From Apple Bank
FINANCED
$46,400,000
New York
See Similar DealsMultiFamily277,368 SF
Financed 05/23/2024
FINANCED
Buchbinder & Warren Refinances Midtown East Properties With $46.4M Loan From Apple Bank
609-611 Madison Avenue, 601-603 Madison Avenue, 42 East 58th Street & 44 East 58th Street
See Similar DealsMultiFamily277,368 SF
Financed 05/23/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$167
Total Square Footage:277,368 SF
Transaction Type:Loan
The properties involved in the transaction are located at 609-611 Madison Avenue, 601-603 Madison Avenue, 42 East 58th Street & 44 East 58th Street in Midtown East, Manhattan. These properties consist of a mix of multifamily residential units and retail spaces, totaling 147,080 buildable square feet and 69,342 square feet of space.
Summary of transaction details:
- Property Type: Multifamily & Retail
- Transaction Amount: $46,400,000
- Asset Size: 147,080 BSF & 69,342 SF
- Lender: Apple Bank - Cythia Wang
- Landlord: Lori Buchbinder - Buchbinder & Warren
- Loan Type: Refinance
Buchbinder & Warren, represented by 2-J LLC, successfully secured a $46.4 million refinance loan from Apple Bank for the three properties in Midtown East. This financial arrangement was facilitated by Lori Buchbinder of Buchbinder & Warren and Cythia Wang from Apple Bank, highlighting the key individuals and entities involved in the deal.
Players
LENDER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$46,400,000.00
Monthly NOI$309,333.33
Monthly Debt Service$293,279.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions