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Gloria Weinstein Secures $3.3M Acquisition Loan In New York City
FINANCEDMultiFamily

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

Sebastian Altilio

Marcus & Millichap

Broker

$49.3M

vol

5 deals

Broker

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