Eyal Epstein Provides $30.5M Loan For 9-Unit Condo On Upper East Side
FINANCED
$30,500,000
New York
See Similar Deals2,605 SF
Financed 02/07/2020
FINANCED
Eyal Epstein Provides $30.5M Loan For 9-Unit Condo On Upper East Side
1444 3rd Ave, New York, NY 10028, USA
See Similar Deals2,605 SF
Financed 02/07/2020
Summary
NEW YORK
Price Per Square Foot:$11,708
Total Square Footage:2,605 SF
Transaction Type:Loan
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.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,500,000.00
Monthly NOI$203,333.33
Monthly Debt Service$192,780.75
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions