Reuben Brothers Secures $65M Loan For Upper West Side Property On West End Ave
390 West End Avenue, New York, NY 10024, USA
$65,000,000
$35,694/SF
Building Size
1,821 SF
Asset Type
—
Closing
Mar 13, 2020
About this deal
AI
The property at 390 West End Ave, located in the Upper West Side market, was involved in a recent transaction.
Summary of transation details
- Property Type: Residential and Commercial Condo
- Transaction Amount: $65,000,000
- Loan Lender: Reuben Brothers Ltd.
- Landlord: Imperial Companies
- Brokers: Dustin Stolly, Jordy Roeschlaub, Nick Scribani, and Chris Kramer - Newmark Knight Frank
- Total Units: 57 (56 Residential units and 1 Commercial Condo)
The loan, secured from Reuben Brothers Ltd., played a significant role in facilitating this transaction. Other key individuals and companies involved in the deal include Imperial Companies as the landlord and the brokers Dustin Stolly, Jordy Roeschlaub, Nick Scribani, and Chris Kramer from Newmark Knight Frank.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93