Updated May 20, 2026
Avi Schron Of Cammeby’s International Group Refinances Lower East Side Multifamily Asset For $75.4M
10 Stanton Street
$75,400,000
$450/SF
Building Size
167,453 SF
Asset Type
MultiFamily
Closing
Jun 30, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 10 Stanton Street in the Lower East Side. It encompasses a total square footage of 167,453 and consists of 146 residential units. The transaction involved a refinance loan amounting to $75,400,000.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $75,400,000
- Address: 10 Stanton Street
- Market: Lower East Side
- Asset Size: 167,453 SF
- Units: 146
- Lender: Nick Gesue - NewPoint Real Estate Capital
- Landlord: Avi Schron - Cammeby’s International Group
- Loan Type: Refinance
This refinance transaction was executed to replace previous debt held with Capital One. The involvement of NewPoint Real Estate Capital marks a significant financial shift for the landlord, Avi Schron, who is associated with Cammeby’s International Group.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93