Updated Dec 11, 2024
Broadfield Realty Capital Issues $8.2 Million Note Purchase For Hudson Yards Multifamily Property
$8,200,000
$733/SF
Building Size
11,175 SF
Asset Type
MultiFamily
Closing
Dec 5, 2024
About this deal
AI
The transaction involves a free market multifamily and a luxury Hamptons vacation home asset, featuring a total square footage of 12,000 and comprising 14 units. The loan amount secured for this transaction is $8,200,000, categorized as a note purchase and taking place in the Hudson Yards and Shelter Island markets.
Summary of transaction details:
- Property Type: Free Market Multifamily & Luxury Hamptons Vacation Home
- Transaction Amount: $8,200,000
- Lender: Broadfield Realty Capital
- Loan Type: Note purchase
- Date: 12/05/2024
Key individuals involved in the transaction are Aaron Lerman and Uanderson Benedetti. Uanderson Benedetti can be contacted through Broadfield Realty Capital for any inquiries regarding new loan submissions, as well as buying or selling notes.
Players
Market 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93