GTIS Partners Provides $146M Loan For Upper East Side Condo At 200 East 95th Street
200 East 95th Street, Manhattan, New York, NY, USA
$146,000,000
$454/SF
Building Size
321,000 SF
Asset Type
—
Closing
Feb 28, 2021
AI
The property involved in this closed transaction is a condo located at 200 East 95th Street in the Upper East Side market. The asset encompasses a total of 321,000 square feet and consists of 104 units. The transaction took place on 03/01/2021.
Summary of transaction details:
- Property Type: Condo
- Loan Amount: $146,000,000
- Square Footage: 321,000
- Address: 200 East 95th Street
- Market: Upper East Side
The lender for this transaction was GTIS Partners. Extell Development and CL Investment Group acted as the landlords. The deal was facilitated by brokers Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Mo Beler, Ari Hirt, and Sean Bastian from Walker & Dunlop. The loan terms for this transaction were a two-year, interest-only, and floating-rate mortgage.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93