Updated May 12, 2025
Beni Internazionali Secures $13.55 Million Refinance Loan From Emigrant Bank For Sutton Place Condos
136 East 56th Street, 140 East 56th Street & 150 East 56th Street
$13,550,000
$65/SF
Building Size
69,279 SF
Asset Type
MultiFamily
Closing
Jan 14, 2025
About this deal
AI
The property asset involved in this transaction is located at 136 East 56th Street, 140 East 56th Street, and 150 East 56th Street in the Sutton Place market. It comprises a condo inventory with a total square footage of 69,279 and consists of 85 units.
Summary of transation details:
- Property Type: Condo Inventory
- Transaction Amount: $13,550,000
- Lender: Emigrant Bank
- Landlord: Beni Internazionali
- Brokers: Dylan Kane & Zach Redding - Colliers
- Loan Type: Refinance
The key individuals involved in this deal include Dylan Kane and Zach Redding, who represented the landlord, Beni Internazionali, in the transaction. They are associated with Colliers, a firm that provides real estate services.
On the Map
$13,550,000
$65/SF
MultiFamily
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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
1.17%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93