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New Rochelle

Greystone Provides $145.3 Million Refinance Loan For Multifamily Asset In New Rochelle
FINANCEDMultiFamily

Greystone Provides $145.3 Million Refinance Loan For Multifamily Asset In New Rochelle

$145,800,000

$453/SF

Building Size

321,810 SF

Asset Type

MultiFamily

Closing

Dec 30, 2025

AI

The asset involved in this transaction is a multifamily property located in New Rochelle, comprising 321,810 square feet and 315 units. It secured a refinance loan amounting to $145,300,000, with the loan terms set for a duration of 3 years.

Summary of transaction details:

The transaction involves notable individuals including Donny Rosenberg, who serves as the loan originator for this refinancing deal, and brokers Shaya Sonnenschein and Michael Weisz, who represented the involved parties in the transaction.

Players

Michael Weisz

AANDAR Real Estate Capital

Broker

$175.6M

vol

4 deals

Broker
AANDAR Real Estate Capital
AANDAR Real Estate CapitalBrokerage
Greystone
GreystoneLender

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93