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
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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