Sean Robertson & Jeff Rosenfeld Of North River Partners Provide $20M Construction Loan For Valley Stream Multifamily
$20,000,000
$245/SF
Building Size
81,375 SF
Asset Type
MultiFamily
Closing
Mar 13, 2025
AI
The transaction involves a multi-family asset located in Valley Stream, comprising a total square footage of 81,375 and 63 units. The construction loan for this property amounts to $20,000,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,000,000
- Market: Valley Stream
- Lender: Sean Robertson & Jeff Rosenfeld - North River Partners
- Broker: Jordan Horowitz & Michael Horowitz - Cooper Horowitz
- Loan Type: Construction
Key individuals involved in this deal include Sean Robertson and Jeff Rosenfeld representing North River Partners as lenders. The brokers facilitating the transaction are Jordan Horowitz and Michael Horowitz from Cooper Horowitz.
Players
Market 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93