Bank Leumi USA Provides $11.7M Loan For Multifamily Property On Rivington Street
61 Rivington St, New York, NY 10002, USA
$11,700,000
$84/SF
Building Size
139,200 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
AI
The multifamily property located at 61 Rivington Street in Lower East Side has been involved in a recent loan transaction. The loan was provided by Bank Leumi USA to the landlord, David Maron. The loan amount for this transaction was $11,700,000. The property spans a total area of 13,920 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $11,700,000
- Address: 61 Rivington Street
- Market: Lower East Side
- Lender: Bank Leumi USA
- Landlord: David Maron
- Square Feet: 13,920
This loan transaction highlights the collaboration between Bank Leumi USA and David Maron. Bank Leumi USA acted as the lender in this deal, providing the necessary funds for the multifamily property at 61 Rivington Street. On the other hand, David Maron took on the role of the landlord in this transaction, overseeing the property in the Lower East Side.
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93