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169 West 95th Street, New Y...

Peter Castellana, Michael Ashkenazy, And Anthony Brannan Acquire Retail Condo On Upper West Side For $16.9M
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

$16,900,000

$559/SF

Building Size

30,212 SF

Asset Type

Closing

Dec 11, 2018

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.

Players

Daniel Fromm

Newmark

Broker

$5.3B

vol

82 deals

Broker
Michael Ashkenazy

Michael Ashkenazy

Buyer

$11.7M

vol

4 deals

Buyer
SC
Starrett CompaniesSeller

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

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