Gloria Weinstein Secures $3.3M Acquisition Loan In New York City
$3,300,000
$404/SF
Building Size
8,160 SF
Asset Type
MultiFamily
Closing
May 31, 2023
AI
Gloria Weinstein has closed a loan transaction in New York City for a multifamily property. The property spans approximately 8,760 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Loan Type: Acquisition
- Loan Terms: 5/5 30-year amortization
Tracie Bonilla and Sebastian Altilio, representing Commercial Consultants Network, were the brokers involved in this deal. They successfully guided Gloria Weinstein in securing the loan amount of $3,300,000 for the acquisition of the multifamily property in New York City.
Commercial Consultants Network (CCN) is a dedicated team of experts available to provide guidance and access to a vast network of lenders. With their expertise and unbeatable rates and terms, CCN ensures that clients find the perfect loan solution for property expansion, acquisition, or refinancing needs. For more information, interested parties can contact CCN at 646.296.9286 or via email at [email protected].
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93