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Michael Lee Of HKS Real Estate Advisors Secures $15.45 Million Loan For Multifamily Acquisition In West Village/Chelsea

Property Image
FINANCED
$15,450,000

New York

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MultiFamily45,920 SF
Financed 02/24/2025
the dealplayerscompscontact
Property Image
FINANCED

Michael Lee Of HKS Real Estate Advisors Secures $15.45 Million Loan For Multifamily Acquisition In West Village/Chelsea

MultiFamily45,920 SF
Financed 02/24/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:45,920 SF
Transaction Type:Loan

The asset involved in this transaction is a Multifamily property located in the West Village/Chelsea market. It encompasses a total square footage of 45,920 and consists of 123 units.

Summary of transaction details:

The deal is represented by Michael Lee of HKS Real Estate Advisors, who facilitated the transaction on behalf of the involved parties.

Players

Michael Lee
HKS Real Estate Advisors
Michael Lee
21 deals$355M volume
BROKER

Details

FINANCED
IMAGE: Michael Lee DATE: 02/24/2025 MARKET: WestVillage/Chelsea ASSET TYPE: Multifamily ~ SF: 45,920 ~ UNITS: 123 BROKER: Michael Lee - HKS Real Estate Advisors (@HKSRealEstateAdvisors) LOAN AMOUNT: $15,450,000 LOAN TYPE: Acquisition/Renovation LOAN TERMS: 80% LTC

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,450,000.00

Monthly NOI$103,000.00
Monthly Debt Service$97,654.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00