Webster Bank Refinances Woodhaven Multifamily For $2.9M Via Morris Diamant & David Liechtung
$2,900,000
$2,900,000/SF
Building Size
1 SF
Asset Type
MultiFamily
Closing
Jan 17, 2023
AI
A multifamily property located in Woodhaven, NY has undergone a refinancing transaction. The property, whose address has not been specified, is situated in the Woodhaven market. The loan for this transaction was provided by Webster Bank.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Loan Type: Refinance
- Loan Terms: 5 Year Term, 4.96%
The brokers involved in this deal were Morris Diamant and David Liechtung from Meridian Capital Group. They represented the parties in this refinancing transaction.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93