Albert Laboz Of United American Land Secures $26.3 Million Refinance From Deutsche Bank In Flatiron District
33 Union Square West
$26,300,000
$514/SF
Building Size
51,150 SF
Asset Type
MultiFamily
Closing
Jul 1, 2026
AI
The asset involved in this transaction is a multifamily residential building located at 33 Union Square West in the Flatiron District of Manhattan. The property comprises 51,150 square feet and consists of 20 units. The refinancing transaction amounts to $26,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,300,000
- Address: 33 Union Square West
- Market: Flatiron District, Manhattan
- Lender: Deutsche Bank
- Landlord: Albert Laboz - United American Land
- Previous Loan Amount: $27,000,000 from Webster Bank
- Loan Type: Refinance
In this refinancing deal, Albert Laboz, representing United American Land, secured financing from Deutsche Bank. The transaction replaces an existing loan originally obtained from Webster Bank.
Players
Bloomingdale 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93