Peter Castellana, Michael Ashkenazy, And Anthony Brannan Acquire Retail Condo On Upper West Side For $16.9M
169 West 95th Street, New York, NY 10025, USA
$16,900,000
$559/SF
Building Size
30,212 SF
Asset Type
—
Closing
Dec 11, 2018
About this deal
AI
The property involved in the transaction is a retail condo located at 169 West 95th Street in the Upper West Side market. The transaction took place on 12/12/2018.
Summary of transaction details
- Property Type: Retail Condo
- Transaction Amount: $16,900,000
- Lender: People’s United Financial
- Seller: Starrett Companies
- Buyer: Peter Castellana, Michael Ashkenazy, and Anthony Brannan - Metro Mechanical
- Broker: Daniel Fromm @NewmarkKF
The buyers of the property are Peter Castellana, Michael Ashkenazy, and Anthony Brannan from Metro Mechanical. The property was sold by the Starrett Companies. The loan for the transaction was provided by People’s United Financial. The deal was facilitated by Daniel Fromm from NewmarkKF.
On the Map
$16,900,000
$559/SF
View full map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
About $559 per square foot on a published $16.9M for 30,212 square feet (2018).
Visit Daniel Fromm to view all their deals.
Browse New York loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93