Popular Bank Refinances Nursing Home In Flatbush For $62.5M
464 East 22nd Street, New York City, New York 10010, United States
$62,500,000
$375/SF
Building Size
166,628 SF
Asset Type
Other
Closing
Jul 25, 2022
About this deal
AI
A nursing home located at 464 East 22nd Street & 2107 Ditmas Avenue in Flatbush, with a total square footage of 166,628, has undergone a refinancing deal. The loan was provided by Popular Bank with a loan amount of $62,500,000. The landlord of the property is Shabsey Oberlander.
Summary of transaction details
- Property Type: Nursing Home
- Transaction Amount: $62,500,000
- Market: Flatbush
- Address: 464 East 22nd Street & 2107 Ditmas Avenue
- Loan Type: Refinance
This refinancing deal involved the lender, Popular Bank, and the landlord, Shabsey Oberlander. Shabsey Oberlander represents the interests of the landlord in this transaction.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93