Kriss Capital, Elad Group Secure $37.3M Loan For Residential Condos On Upper West Side
FINANCED
$37,300,000
New York
See Similar Deals15,600 SF
Financed 06/14/2020
FINANCED
Kriss Capital, Elad Group Secure $37.3M Loan For Residential Condos On Upper West Side
1 West End Avenue, Brooklyn, NY 11235, USA
See Similar Deals15,600 SF
Financed 06/14/2020
Summary
NEW YORK
Price Per Square Foot:$2,391
Total Square Footage:15,600 SF
Transaction Type:Loan
A residential condo located at 1 West End Avenue in the Upper West Side has recently been involved in a loan transaction. The loan amount for this transaction was $37,300,000 and it was obtained for condo inventory purposes.
Summary of transaction details:
- Property Type: Residential Condos
- Transaction Amount: $37,300,000
- Address: 1 West End Avenue
- Market: Upper West Side
Jody Kriss and Mark Luehring-Jones from Kriss Capital served as lenders in this transaction. Yitzhak Tshuva, representing Elad Group, acted as the landlord.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$37,300,000.00
Monthly NOI$248,666.67
Monthly Debt Service$235,761.37
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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