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
About this deal
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.
On the Map
$115,000,000
View full map
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Browse New York loans on Traded.
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