Elysee Investment Refinances Washington Heights Multifamily Portfolio For $90.4M Loan - Avi Dishi, Morgan Stanley
90 Laurel Hill Terrace, New York City, New York 10033, United States
$90,400,000
$957/SF
Building Size
94,380 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
The multifamily property located at 90 Laurel Hill Terrace, 1447 St Nicholas Avenue, and 475 West 186th Street in the Washington Heights market has undergone a refinancing transaction. The property spans a total of 473,170 square feet and consists of 468 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $90,400,000
- Address: 90 Laurel Hill Terrace, 1447 St Nicholas Avenue, and 475 West 186th Street
- Market: Washington Heights
- Loan Type: Refinance
Morgan Stanley, a prominent lender, provided the loan for the refinancing transaction. Elysee Investment, represented by Avi Dishi, acted as the landlord in this deal.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93