Updated Sep 5, 2024
Citibank Provides $15M Loan For Manhattan Multifamily Properties
67 Saint Marks Place, New York, NY, USA
$15,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 21, 2021
About this deal
AI
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.
On the Map
$15,000,000
MultiFamily
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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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93