Lev Capital Facilitates $10M Acquisition Loan For Multifamily Property In Washington Heights, Manhattan
617 West 170th Street, New York City, New York 10032, United States
$10,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 13, 2022
AI
The multifamily property located at 617-629 West 170th Street in Washington Heights, Manhattan has been involved in a closed transaction. The transaction took place on 02/14/2022.
Summary of transaction details
- Property Type: Multifamily
- Loan Amount: $10,000,000
- Loan Type: Acquisition Loan
The transaction was facilitated by the brokers Yaakov Zar, Richard Sutton, Akiva Gottlieb, and Ross Reiffman from Lev Capital.
Please note that no additional information is available at this time.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93