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200 East 95th Street, Manha...

GTIS Partners Provides $146M Loan For Upper East Side Condo At 200 East 95th Street
FINANCED

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

Aaron Appel

Walker & Dunlop

Broker

$34.5B

vol

203 deals

Broker
EXTELL
EXTELLBrokerage
GTIS Partners
GTIS PartnersLender
EXTELL
EXTELLLandlord

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

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93