Dime Community Bank Provides $8.2M Loan For Multifamily Building On W 84th St
150 West 84th Street, New York, NY 10024, USA
$8,200,000
$616/SF
Building Size
13,300 SF
Asset Type
MultiFamily
Closing
Mar 28, 2019
AI
A multifamily property located at 150 West 84th St in the Upper West Side neighborhood has been involved in a closed transaction. The property spans 13,300 square feet and consists of 20 units. The deal was completed on 03/29/2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Address: 150 West 84th St
- Market: Upper West Side
- Lender: Dime Community Bank - Team Terrasi
- Landlord: Dr. Ranjhana Mehta
- Brokers: Simon Rosenfeld - Craig Berger
- Loan Terms: 5 Years
The lender involved in this transaction is Dime Community Bank, specifically represented by Team Terrasi. The landlord of the property is Dr. Ranjhana Mehta. The brokers responsible for the deal are Simon Rosenfeld and Craig Berger.
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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93