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1731 York Ave, New York, NY...

Shaya Sonnenschein Of Meridian Capital Group Arranges $115M Loan In New York
FINANCED

Shaya Sonnenschein Of Meridian Capital Group Arranges $115M Loan In New York

1731 York Ave, New York, NY, 10128

$115,000,000

Building Size

Asset Type

Closing

Nov 22, 2023

AI

The property located at 1731 York Ave, New York, NY, 10128, was involved in a recent transaction where a loan of $115,000,000.00 was secured. The borrower's representative for this deal was Shaya Sonnenschein from Meridian Capital Group. The lender in this transaction was an unknown life insurance company.

Summary of transaction details:

  • Property Type: Not specified
  • Transaction Amount: $115,000,000.00
  • Market: New York

The loan secured for the property at 1731 York Ave was facilitated by Shaya Sonnenschein from Meridian Capital Group, acting as the borrower's representative. The lender in this deal was an undisclosed life insurance company, showcasing the diverse range of entities involved in the New York real estate market.

Players

Shaya Sonnenschein

AANDAR Real Estate Capital

Broker

$538.7M

vol

7 deals

Broker
Meridian Capital Group
Meridian Capital GroupBrokerage

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93