Updated Sep 9, 2024
Meridian Capital Group Arranges $28M Refinance Loan For Multifamily Properties In Flatiron/Chelsea NYC
9 East 19th Street
$28,000,000
$170/SF
Building Size
164,675 SF
Asset Type
MultiFamily
Closing
Mar 14, 2023
About this deal
AI
The multifamily property located at 9 East 19th Street, 18-20 West 21st Street, 135-141 20th Street, and 110-112 West 27th Street in Flatiron/Chelsea NYC was involved in a recent loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,000,000
- Loan Type: Refinance
- Brokers: Morris Betesh & Alex Bailkin - Meridian Capital Group
Morris Betesh and Alex Bailkin from Meridian Capital Group represented the parties involved in the loan refinance deal.
The multifamily loan at 9 East 19th Street in New York financed for $28M in 2023. The building is 164,675 square feet, implying about 170 per square foot on the published price. Morris Betesh, Alex Bailkin, Meridian Capital Group appear on the loan alongside Meridian Capital Group. This page is the New York file for the 9 East 19th Street multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that local multifamily set by closing date to see what else financed near 9 East 19th Street around 2023. Published consideration for 9 East 19th Street is $28M, dated 2023. Cite this Meridian Capital Group Arranges $28M Refinance Loan For Multifamily Properties In Flatiron/Chelsea NYC loan when underwriting similar multifamily product around New York.
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93