Eyal Epstein Provides $30.5M Loan For 9-Unit Condo On Upper East Side
1444 3rd Ave, New York, NY 10028, USA
$30,500,000
$11,708/SF
Building Size
2,605 SF
Asset Type
—
Closing
Feb 6, 2020
AI
The condo located at 1444 3rd Avenue in the Upper East Side was recently involved in a closed transaction. The property consists of 9 units and was purchased for a loan amount of $30,500,000. The lender for this transaction was Eyal Epstein and the landlord was Nexus Building Development Group, represented by Yaniv Cohen.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $30,500,000
- Address: 1444 3rd Avenue
- Market: Upper East Side
Eyal Epstein acted as the lender in this transaction, providing the necessary financing for the purchase of the condo. Yaniv Cohen, representing Nexus Building Development Group, served as the landlord in this deal. Both individuals played significant roles in the successful completion of the transaction.
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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93