RD Management, Camber Property Group & Valyrian Capital Refinances Multifamily Property In Ridgewood With $47M Loan From Amherst Capital
176 Woodward Avenue, Queens, New York 11385, United States
$47,000,000
$16,666/SF
Building Size
2,820 SF
Asset Type
Retail
Closing
May 3, 2022
AI
An multifamily property located at 176 Woodward Avenue in Ridgewood has been refinanced for $47,000,000. The property consists of 132 units and is owned by RD Management, Camber Property Group, and Valyrian Capital. The loan was provided by Amherst Capital and has a term of 5 years.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Address: 176 Woodward Avenue
- Market: Ridgewood
- Units: 132
- Lender: Amherst Capital
- Landlord: RD Management, Camber Property Group, and Valyrian Capital
- Brokers: Gideon Gil & Lauren Kaufman - Cushman & Wakefield
- Loan Type: Refinance
- Loan Terms: 5-year
Gideon Gil and Lauren Kaufman from Cushman & Wakefield represented the buyer and seller in the deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93