Dime Community Bank Provides $8.2M Loan For Multifamily Building On W 84th St
FINANCED
$8,200,000
New York
See Similar DealsMultiFamily13,300 SF
Financed 03/29/2019
FINANCED
Dime Community Bank Provides $8.2M Loan For Multifamily Building On W 84th St
150 West 84th Street, New York, NY 10024, USA
See Similar DealsMultiFamily13,300 SF
Financed 03/29/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$616
Total Square Footage:13,300 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,200,000.00
Monthly NOI$54,666.67
Monthly Debt Service$51,829.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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