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61 Rivington St, New York, ...

Bank Leumi USA Provides $11.7M Loan For Multifamily Property On Rivington Street
FINANCEDMultiFamily

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

David Marom

Horizon Group

Broker

$129.6M

vol

8 deals

Broker
Bank Leumi
Bank LeumiLender

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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