FINANCEDMultiFamily
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
Building Size
—
Asset Type
MultiFamily
Closing
Nov 1, 2022
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.
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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93