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
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