Peter Castellana, Michael Ashkenazy, And Anthony Brannan Acquire Retail Condo On Upper West Side For $16.9M
FINANCED
$16,900,000
New York
See Similar Deals30,212 SF
Financed 12/12/2018
FINANCED
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
See Similar Deals30,212 SF
Financed 12/12/2018
Summary
NEW YORK
Price Per Square Foot:$559
Total Square Footage:30,212 SF
Transaction Type:Loan
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.
Players
SELLER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$16,900,000.00
Monthly NOI$112,666.67
Monthly Debt Service$106,819.50
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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