Kriss Capital, Elad Group Secure $37.3M Loan For Residential Condos On Upper West Side
1 West End Avenue, Brooklyn, NY 11235, USA
$37,300,000
$2,391/SF
Building Size
15,600 SF
Asset Type
—
Closing
Jun 14, 2020
AI
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.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93