Updated May 7, 2026
Glenwood Management Secures $231 Million Refinance Loan From NYS Housing Finance Agency In New York City
160 West 62nd Street
$231,000,000
$501/SF
Building Size
461,229 SF
Asset Type
MultiFamily
Closing
Mar 13, 2025
About this deal
AI
The asset involved in this transaction is a Multifamily property located at 160 West 62nd Street in New York City. The refinancing loan amounted to $231,000,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $231,000,000.00
- Loan Type: Refinance
- Lender: NYS Housing Finance Agency
- Landlord: Glenwood Management
- Loan Date: 03/13/2025
The transaction was primarily facilitated by NYS Housing Finance Agency as the lender, and Glenwood Management acts as the landlord for the property. The deal reflects the financial dynamics within the New York City real estate market.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · All transaction types transactions
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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