CenterSquare Investment Management Refinances Specialty Building In Upper West Side For $20.3M
140 West 81st Street, New York City, New York 10024, United States
$20,300,000
$1,954/SF
Building Size
10,386 SF
Asset Type
—
Closing
Oct 20, 2022
AI
The property involved in the transaction is a Specialty Building located at 140 West 81st Street in the Upper West Side market. The building has a total square footage of 10,386 with a buildable square footage of 25,544.
Summary of transaction details
- Property Type: Specialty Building
- Address: 140 West 81st Street
- Market: Upper West Side
- Buildable Square Footage: 25,544
- Total Square Footage: 10,386
The lender involved in the transaction is CenterSquare Investment Management, represented by Dean C. Ravosa. The landlord of the property is Pinnacle Group, with Joel Wiener as the representative.
The loan amount for the transaction is $20,300,000. The loan type is a refinance.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93