Capital One Provides $10M Loan For Rubin Schron's Multifamily Property In Washington Heights
90 Laurel Hill Terrace, New York, NY 10033, USA
$10,025,067
$10/SF
Building Size
943,800 SF
Asset Type
MultiFamily
Closing
Jun 9, 2020
AI
Located in Washington Heights market, the multifamily property at 90 Laurel Hill Terrace has recently undergone a closed transaction. The property, spanning over 94,380 square feet, consists of 86 units. The deal was facilitated by Capital One, who provided a loan amount of $10,025,067. The landlord in this transaction is Cammeby’s International Group, represented by Rubin Schron.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,025,067
- Address: 90 Laurel Hill Terrace, Washington Heights
- Units: 86
- Square Footage: 94,380
Cammeby’s International Group, led by Rubin Schron, played a significant role as the landlord in this closed transaction. Capital One, serving as the lender, provided the substantial loan amount for the 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
1.58%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93