Updated Mar 10, 2026
Jay Gatsby Of Gatsby Enterprises Refinances 100-Unit Multifamily At 690 Fort Washington Avenue For $17.2M
690 Fort Washington Avenue
$17,200,000
$190/SF
Building Size
90,446 SF
Asset Type
MultiFamily
Closing
Feb 26, 2026
About this deal
AI
The asset involved in the transaction is a multifamily building located at 690 Fort Washington Avenue in the Washington Heights market of Manhattan. The property encompasses a total square footage of 90,446 and consists of 100 rental units.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $17,200,000
- Lender: Amalgamated Bank
- Landlord: Jay Gatsby - Gatsby Enterprises
- Loan Type: Refinance
- Previous Debt: $20,000,000 Capital One
Gatsby Enterprises’ Fort Washington Holding LLC undertook the refinancing of the property with a loan sourced from Amalgamated Bank, successfully replacing its existing Capital One debt in the process.
On the Map
$17,200,000
$190/SF
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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93