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160 Water Street

Updated Oct 7, 2025

Vanbarton Group Secures $280 Million Loan For 588 Unit Multifamily Property In Financial District
FINANCEDMultiFamily

Vanbarton Group Secures $280 Million Loan For 588 Unit Multifamily Property In Financial District

160 Water Street

$280,000,000

Units

588

Asset Type

MultiFamily

Closing

Sep 24, 2025

About this deal

AI

The property asset involved in this transaction is a multifamily building located at 160 Water Street in the Financial District, consisting of 588 units. The loan amount secured for this property is $280,000,000, specifically for repositioning purposes.

Summary of transation details:

Key individuals involved in this deal include the lenders from Brookfield and the representatives from Eastdil Secured and Vanbarton Group, ensuring the transaction's successful completion through their expertise in the market.

On the Map

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$280,000,000

MultiFamily

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Players

Ethan Pond

Eastdil Secured Savills

Broker

$13.9B

vol

31 deals

Broker
Eastdil Secured Savills
Eastdil Secured SavillsBrokerage
Vanbarton Group
Vanbarton GroupLandlord
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New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $476.2K per unit across 588 units on a published $280M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

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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