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752 West End Ave, New York,...

Stellar Management Refinances 752 West End Avenue Multifamily In Upper West Side For $115M
FINANCEDMultiFamily

Stellar Management Refinances 752 West End Avenue Multifamily In Upper West Side For $115M

752 West End Ave, New York, NY 10025, United States

$115,000,000

$659/SF

Building Size

174,281 SF

Asset Type

MultiFamily

Closing

Aug 14, 2023

AI

The property involved in this transaction is a multifamily asset located at 752 West End Avenue in the Upper West Side market. The property spans a total area of 174,281 square feet and consists of 172 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $115,000,000
  • Address: 752 West End Avenue
  • Market: Upper West Side
  • Square Footage: 174,281
  • Units: 172

In this refinance transaction, the lender involved is Helaba, represented by Jason Deck. The landlord of the property is Stellar Management, with Matthew Lembo and Pawan Melgiri acting as their representatives in the deal.

Players

Stellar Management
Stellar ManagementLender
Helaba
HelabaLender

Matthew Lembo

Stellar Management

Landlord

$263.8M

vol

4 deals

Landlord

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93