Northwind Group Provides $45M Bridge Loan For Residential Condominium On Upper West Side
175 West 95th Street, New York City, New York 10025, United States
$45,000,000
$428/SF
Building Size
105,000 SF
Asset Type
—
Closing
Jun 27, 2022
About this deal
AI
The residential condominium located at 175 W. 95th St. in the Upper West Side has recently been involved in a closed transaction. The property spans 105,000 square feet and consists of 120 units. The deal was finalized on 06/28/2022.
Summary of transaction details
- Property Type: Residential Condominium
- Transaction Amount: $45,000,000
- Address: 175 W. 95th St.
- Market: Upper West Side
- Square Footage: 105,000
- Number of Units: 120
Ran Eliasaf from the Northwind Group served as the lender for this transaction. The Northwind Group is a real estate private equity firm that offers various types of loans, including acquisition, bridge, condo-inventory, construction, predevelopment, and land loans in NYC and other major gateway cities in the US. For loan opportunities, interested parties can contact [email protected].
The property is owned by Meadow Partners, represented by Jeffrey Kaplan, and Glacier Equities, represented by Myles Horn. Meadow Partners and Glacier Equities are the landlords involved in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93