Brodsky Organization Acquires Commercial Condo In Lincoln Square For $82.1M
200 W 60th St, New York, NY 10023, USA
$82,067,000
$2,546/SF
Building Size
32,233 SF
Asset Type
—
Closing
Apr 8, 2020
AI
Located at 200 West 60th Street in the Lincoln Square market, a commercial condo was recently involved in a closed transaction. The property, owned by the Brodsky Organization, was subject to a loan provided by Wells Fargo. The loan amount for this transaction was $82,067,000.
Summary of transaction details:
- Property Type: Commercial condo
- Transaction Amount: $82,067,000
- Market: Lincoln Square
- Lender: Wells Fargo
- Landlord: Brodsky Organization
The deal's key individuals and companies involved in this transaction include the Brodsky Organization as the landlord, and Wells Fargo as the lender providing the $82,067,000 loan.
Players
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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93