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Citibank Provides $15M Loan For Manhattan Multifamily Properties

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FINANCED
$15,000,000
Max Herzog
Marko Kazanjian
+ 2

New York

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MultiFamily
Financed 03/22/2021
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FINANCED

Citibank Provides $15M Loan For Manhattan Multifamily Properties

67 Saint Marks Place, New York, NY, USA

See Similar Deals
MultiFamily
Financed 03/22/2021
Max Herzog
Marko Kazanjian
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

An undisclosed multifamily property in Manhattan has secured a loan of $15 million. The property is located at 67 St. Marks Place, 106 E. 7th St., 217 E. 22nd St., 239 W. 15th St., 426 E. 77th St., and 638-640 E. 14th St. The loan was provided by Joe Dyckman and Eric Mirvis of citibank''>Citibank. The landlord of the property is Arthur Kokot. The transaction was facilitated by brokers Max Herzog, Marko Kazanjian, Hall Oster, and Kristian Lichtenfels from JLL.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $15,000,000
  • Address: 67 St. Marks Place, 106 E. 7th St., 217 E. 22nd St., 239 W. 15th St., 426 E. 77th St., and 638-640 E. 14th St.
  • Market: Manhattan

The loan was secured through Citibank by Joe Dyckman and Eric Mirvis. The landlord for the property is Arthur Kokot. Max Herzog, Marko Kazanjian, Hall Oster, and Kristian Lichtenfels from JLL represented the parties involved in the transaction.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Hall Oster
JLL
88 deals$2.1B volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Kristian Lichtenfels
JLL
4 deals$79.3M volume
BROKER

Citibank
LENDER

Details

FINANCED
IMAGE: Marko Kazanjian, Eric Mirvis, Max Herzog, Joe Dyckman & Hall Oster DATE: 03/22/2021 ADDRESS: 67 St. Marks Place, 106 E. 7th St., 217 E. 22nd St., 239 W. 15th St., 426 E. 77th St. & 638-640 E. 14th St. MARKET: Manhattan ASSET TYPE: Multifamily LENDER: Joe Dyckman & Eric Mirvis - Citibank LANDLORD: Arthur Kokot BROKERS: Max Herzog, Marko Kazanjian, Hall Oster & Kristian Lichtenfels @JLL LOAN AMOUNT: $15,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,000,000.00

Monthly NOI$100,000.00
Monthly Debt Service$94,810.20
Change in Cash Flow$0.00
Refinance Proceeds$0.00