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Gatsby Enterprises Acquires 100-Unit Multifamily In Washington Heights For $20M

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FINANCED
$20,000,000

New York

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MultiFamily90,446 SF
Financed 02/20/2020
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Property Image
FINANCED

Gatsby Enterprises Acquires 100-Unit Multifamily In Washington Heights For $20M

690 Fort Washington Ave, New York, NY 10040, USA

See Similar Deals
MultiFamily90,446 SF
Financed 02/20/2020
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$221
Total Square Footage:90,446 SF
Transaction Type:Loan

The multifamily property located at 690 Ft Washington Avenue in Washington Heights has been involved in a closed transaction. The property consists of 100 units and was acquired by Gatsby Enterprises, represented by Nader Ohebshalom. The transaction was facilitated by CapitalOne, who provided a loan amount of $20,000,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $20,000,000
  • Address: 690 Ft Washington Avenue
  • Market: Washington Heights

Gatsby Enterprises, led by Nader Ohebshalom, successfully completed the acquisition of the property located at 690 Ft Washington Avenue in Washington Heights. The transaction was made possible through a loan provided by CapitalOne.

Details

FINANCED
IMAGE: 02/20/2020 ADDRESS: 690 Ft Washington Avenue MARKET: Washington Heights ASSET TYPE: Multifamily LENDER: @CapitalOne LANDLORD: Gatsby Enterprises – Nader Ohebshalom LOAN AMOUNT: $20,000,000 UNITS: 100

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$20,000,000.00

Monthly NOI$133,333.33
Monthly Debt Service$126,413.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00