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.
On the Map
$85,500,000
Other
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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