PGIM Real Estate Provides $11.57M Refinance Loan For Multifamily Assets In Mott Haven
FINANCED
$11,570,000
New York
See Similar DealsMultiFamily50,000 SF
Financed 10/01/2024
FINANCED
PGIM Real Estate Provides $11.57M Refinance Loan For Multifamily Assets In Mott Haven
137 Alexander Avenue
See Similar DealsMultiFamily50,000 SF
Financed 10/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$231
Total Square Footage:50,000 SF
Transaction Type:Loan
The multifamily property transaction encompasses six addresses: 137 Alexander Ave, 208 Willis Ave, 224 Willis Ave, 226 Willis Ave, 340 E. 139th St, and 351 E. 138th St, located in the Mott Haven market. The total square footage of the asset is 50,000, consisting of 61 units.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $11,570,000
- Lender: PGIM Real Estate
- Loan Type: Refinance
- Loan Terms: 5.35% Rate, 5 Years IO, 7 Year Fixed, Non-Recourse, Fully Assumable
- Brokers: Matt Swerdlow, Matthew Dzbanek, & Anthony Priest - Ariel Property Advisors
The brokers involved in the transaction represent the seller, providing their expertise in navigating the refinancing process for the multifamily asset.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$11,570,000.00
Monthly NOI$77,133.33
Monthly Debt Service$73,130.27
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions