Updated Dec 4, 2024
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
About this deal
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.
On the Map
$115,000,000
$659/SF
MultiFamily
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Players
Market 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93