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Alma Realty Refinances Multifamily Properties In Washington Heights For $49M With Dime Community Bank

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FINANCED
$49,000,000

New York

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MultiFamily405,728 SF
Financed 07/27/2022
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FINANCED

Alma Realty Refinances Multifamily Properties In Washington Heights For $49M With Dime Community Bank

9 Thayer Street, New York City, New York 10040, United States

See Similar Deals
MultiFamily405,728 SF
Financed 07/27/2022
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:405,728 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 9 Thayer Street, 38 Sickles Street, and 90 Ellwood Street in Washington Heights. The property has a total square footage of 405,728. The transaction took place on 07/27/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $49,000,000
  • Market: Washington Heights
  • Lender: Dime Community Bank
  • Landlord: Alma Realty
  • Loan Type: Refinance

Dime Community Bank provided a loan amount of $49,000,000 for the refinancing of the multifamily property at 9 Thayer Street, 38 Sickles Street, and 90 Ellwood Street. Alma Realty is the landlord involved in the transaction.

Players

LENDER

Details

FINANCED
IMAGE: 07/27/2022 ADDRESS: 9 Thayer Street, 38 Sickles Street & 90 Ellwood Street MARKET: Washington Heights ASSET TYPE: Multifamily ~ SF: 405,728 LENDER: Dime Community Bank (@DimeBankUSA) LANDLORD: Alma Realty LOAN AMOUNT: $49,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$49,000,000.00

Monthly NOI$326,666.67
Monthly Debt Service$309,713.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00