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63 67 Wall Street

Mark Rowan Of Apollo Provides $275 Million Refinance Loan For 816 Unit Multifamily Asset At 63-67 Wall Street
FINANCEDMultiFamily

Mark Rowan Of Apollo Provides $275 Million Refinance Loan For 816 Unit Multifamily Asset At 63-67 Wall Street

63 67 Wall Street

$275,000,000

$505/SF

Building Size

543,756 SF

Asset Type

MultiFamily

Closing

Jan 30, 2025

AI

The property asset involved is a multifamily asset located at 63-67 Wall Street in the Financial District. This asset spans a total square footage of 543,756 and consists of 816 units. The transaction involved a loan amount of $275,000,000, which is classified as a refinance.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $275,000,000
  • Address: 63-67 Wall Street
  • Market: Financial District
  • Asset Size: 543,756 SF
  • Units: 816
  • Lender: Mark Rowan - Apollo
  • Landlord: Keith Gelb & Bill Walton - Rockpoint
  • Broker Representatives: Jordan Roeschlaub, Nick Scribani & Christopher Kramer - Newmark

The key individuals involved in this transaction include Mark Rowan representing Apollo as the lender, and Keith Gelb and Bill Walton from Rockpoint acting as landlords for the asset. The brokerage team from Newmark, which consists of Jordan Roeschlaub, Nick Scribani, and Christopher Kramer, played a significant role in facilitating the loan refinance transaction.

Players

Nick Scribani

Newmark

Broker

$55.4B

vol

195 deals

Broker
Apollo Global
Apollo GlobalLender

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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93