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130 William Street, New Yor...

David Lichstenstein & Mitchell Hochberg's IghtstoneGroup Secures $89.9M Loan For Residential Condo At 130 William Street
FINANCED

David Lichstenstein & Mitchell Hochberg's IghtstoneGroup Secures $89.9M Loan For Residential Condo At 130 William Street

130 William Street, New York, NY 10038

$89,981,607

$840/SF

Building Size

107,124 SF

Asset Type

Closing

Aug 6, 2020

AI

Located at 130 William Street in the Financial District, this residential condo was involved in a closed transaction. The property is owned by David Lichstenstein and Mitchell Hochberg, who represent the Lightstone Group. The loan for this transaction was provided by Craig Solomon and Laurie Golub, who are associated with Square Mile Capital. The loan amount for this transaction was $89,981,607.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $89,981,607

The key individuals involved in this deal include Laurie Golub, Craig Solomon, David Lichstenstein, and Mitchell Hochberg. Laurie Golub and Craig Solomon represent Square Mile Capital, the lender in this transaction. David Lichstenstein and Mitchell Hochberg represent the Lightstone Group, the landlord of the property.

Players

David Lichtenstein

Lightstone Group

Broker

$1.4B

vol

16 deals

Broker
Square Mile Capital
Square Mile CapitalLender

Mitchell Hochberg

Lightstone Group

Landlord

$321.2M

vol

8 deals

Landlord

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

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93