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1444 3rd Ave, New York, NY ...

Eyal Epstein Provides $30.5M Loan For 9-Unit Condo On Upper East Side
FINANCED

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.

Players

Yaniv Cohen

Nexus Building Development Group

Landlord

$58.1M

vol

6 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

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93