Prudential Multifamily Mortgage Provides $102M Loan To Glenwood For 490-Unit Residential Property On York Ave, Lenox Hill, UES
1365 York Ave, New York, NY 10021, USA
$102,000,000
$207/SF
Building Size
492,654 SF
Asset Type
Other
Closing
May 22, 2019
About this deal
AI
The residential property located at 1365 York Ave in Lenox Hill, UES, Manhattan has recently been involved in a closed transaction. The property consists of 490 units and is owned by Glenwood. The lender for this transaction was Prudential Multifamily Mortgage, providing a loan amount of $102,000,000.
Summary of transaction details:
- Property Type: Residential
- Transaction Amount: $102,000,000
- Units: 490
- Address: 1365 York Ave, Lenox Hill, UES, Manhattan
- Landlord: Glenwood
- Lender: Prudential Multifamily Mortgage
Carole Pittelman represented the buyer's interests in this deal.
On the Map
$102,000,000
$207/SF
Other
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93