Kushner Companies Acquires Apartment Buildings In East Village With Argentic Financing
129 1st Avenue, New York, NY 10003, USA
$85,500,000
Building Size
—
Asset Type
Other
Closing
Sep 16, 2019
About this deal
AI
Several apartment buildings in the East Village have been sold in a recent transaction. The properties involved in the deal are located at the addresses 129 1st Ave, 143 1st Ave, 191-193 Ave A, 201 East 2nd, 211 Ave A, 23 Ave A, 338-340 E 11th St, 435 E 12th St, 500 E. 11th St., and 504-508 E. 12th St. The transaction took place on September 17, 2019.
Summary of transaction details
- Property Type: Apartment buildings
- Lender: Argentic
- Landlord: Kushner Companies
Laurent Morali, Charles Kushner, and Nicole Kushner were involved in the deal. Laurent Morali represents Kushner Companies as their representative in the transaction.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93