Updated Oct 28, 2024
River View Towers, Inc Refinances Multifamily Property In Hamilton Heights For $12.3M
626 Riverside Drive, New York City, New York 10031, United States
$12,300,000
Units
385
Asset Type
MultiFamily
Closing
Nov 1, 2022
About this deal
AI
The multifamily property located at 626 Riverside Dr in Hamilton Heights has undergone a refinancing transaction. The property consists of 385 units and is owned by River View Towers, Inc.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,300,000
- Address: 626 Riverside Dr
- Market: Hamilton Heights
- Units: 385
The refinance loan for this property was facilitated by CBRE brokers Mark Fisher and Alex Furnary.
The multifamily loan at 626 Riverside Drive, New York City, New York 10031, United States in New York, New York financed for $12.3M in 2022. Reported inventory is 385 units across 385 units. Alexander (Alex) Furnary, Mark Fisher, CBRE appear on the loan alongside CBRE. This page is the New York, New York file for the 626 Riverside Drive, New York City, New York 10031, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else financed near 626 Riverside Drive, New York City, New York 10031, United States around 2022. Published consideration for 626 Riverside Drive, New York City, New York 10031, United States is $12.3M, dated 2022. Cite this River View Towers, Inc Refinances Multifamily Property In Hamilton Heights For $12.3M loan when underwriting similar multifamily product around New York, New York.
On the Map
$12,300,000
MultiFamily
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New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93