Beni Internazionali Secures $13.55 Million Refinance Loan From Emigrant Bank For Sutton Place Condos
FINANCED
$13,550,000
New York
See Similar DealsMultiFamily207,837 SF
Financed 01/14/2025
FINANCED
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
See Similar DealsMultiFamily207,837 SF
Financed 01/14/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$65
Total Square Footage:207,837 SF
Transaction Type:Loan
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.
Players
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LENDER
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$13,550,000.00
Monthly NOI$90,333.33
Monthly Debt Service$85,645.22
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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