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200 W 60th St, New York, NY...

Brodsky Organization Acquires Commercial Condo In Lincoln Square For $82.1M
FINANCED

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

Wells Fargo
Wells FargoLender

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