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100 West 92nd Street, New Y...

Updated Dec 13, 2024

Trinity School Secures $19M Construction Loan For Specialty Building In Upper West Side
FINANCED

Trinity School Secures $19M Construction Loan For Specialty Building In Upper West Side

100 West 92nd Street, New York City, New York 10025, United States

$19,082,300

$43/SF

Building Size

438,915 SF

Asset Type

Closing

Oct 11, 2022

About this deal

AI

The loan for the specialty building located at 100 West 92nd Street, 117 West 91st Street, and 640 Columbus Avenue in the Upper West Side has been secured. The lender in this transaction is NYC Housing Development Corporation, represented by Ruth Moreira. The loan, which is a construction loan, has been granted to Trinity School, represented by Thomas Stanton as the landlord. The loan amount is $19,082,300.

Summary of transaction details

  • Property Type: Specialty Building
  • Transaction Amount: $19,082,300
  • Date: 10/12/2022
  • Address: 100 West 92nd Street, 117 West 91st Street & 640 Columbus Avenue
  • Market: Upper West Side
  • Square Footage: 438,915 SF

The key individuals involved in this loan transaction are Ruth Moreira, the representative of NYC Housing Development Corporation, and Thomas Stanton, the representative of Trinity School. Both parties have played integral roles in ensuring the successful completion of the loan process.

Players

NYC Housing Development Corporation
NYC Housing Development CorporationLender

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Deal FAQ

About $43 per square foot on a published $19.1M for 438,915 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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