Northwind Group Provides $48.5M Condo Inventory Loan For Residential Condominium In Kips Bay
165 Lexington Avenue, Manhattan, New York, NY, USA
$48,500,000
$3,233/SF
Building Size
15,000 SF
Asset Type
—
Closing
Aug 10, 2021
About this deal
AI
A residential condominium located at 165 Lexington Avenue in Kips Bay has been involved in a closed transaction. The property, owned by RiverBrook Equities and Brooklyn North Capital, was subject to a loan provided by Gabriel Hamani and Ran Eliasaf of Northwind Group. The loan amount for this condo inventory loan was $48,500,000. The deal was facilitated by brokers Morris Betesh and Alex Bailkin from Meridian Capital Group.
Summary of transaction details:
- Property Type: Residential Condominium
- Transaction Amount: $48,500,000
- Address: 165 Lexington Avenue
- Market: Kips Bay
Gabriel Hamani and Ran Eliasaf of Northwind Group provided the loan for this residential condominium. RiverBrook Equities, represented by Steven Mendel, and Brooklyn North Capital, represented by Guy Hochman and Menny Chukroon, acted as the landlords in the deal. The transaction was facilitated by brokers Morris Betesh and Alex Bailkin from Meridian Capital Group. For further opportunities, interested parties can contact [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93