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440 Hamilton Avenue

Updated May 12, 2025

Rose Associates Secures $213 Million Construction Loan For 468-Unit Multifamily Development In White Plains
FINANCEDMultiFamily

Rose Associates Secures $213 Million Construction Loan For 468-Unit Multifamily Development In White Plains

440 Hamilton Avenue

$213,000,000

$543/SF

Building Size

392,164 SF

Asset Type

MultiFamily

Closing

Mar 24, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily asset located at 440 Hamilton Avenue in White Plains. It encompasses 392,164 square feet and consists of 468 units. The total loan amount for this construction project is $213,000,000, facilitated by ARES and Artemis Realty Capital, with Rose Associates acting as the landlord.

Summary of transaction details:

The transaction features a collaboration of several brokers, including Adam Doneger and Christopher Kramer, who played a pivotal role in facilitating the loan. Other brokers involved include Adam Spies, Jordan Roeschlaub, Joshua King, Michael Collins, Chris Lozinak, and Gene Pride, all representing Newmark in this deal.

On the Map

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$213,000,000

$543/SF

MultiFamily

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Players

Adam Doneger

Newmark

Broker

$52.3B

vol

197 deals

Broker
Adam Spies
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Adam Spies

Newmark

Broker

$74.2B

vol

273 deals

Broker
CBRE
CBREBrokerage
RA
Rose AssociatesLandlord
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White Plains MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $543 per square foot on a published $213M for 392,164 square feet (2025).

Visit Michael (Mike) Collins to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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