facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

90 Laurel Hill Terrace, New...

Capital One Provides $10M Loan For Rubin Schron's Multifamily Property In Washington Heights
FINANCEDMultiFamily

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

Capital One
Capital OneLender

Rubin Schron

Cammeby’s International Group

Landlord

$708.2M

vol

11 deals

Landlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

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