Updated Oct 28, 2024
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
$49,000,000
$120/SF
Building Size
405,728 SF
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
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
New York 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93