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75 Kenmare St, New York, NY...

DHA Capital, First Atlantic Real Estate, And AMS Acquisitions Acquire Residential Condo On 75 Kenmare St For $72M
FINANCED

DHA Capital, First Atlantic Real Estate, And AMS Acquisitions Acquire Residential Condo On 75 Kenmare St For $72M

75 Kenmare St, New York, NY, USA

$72,000,000

$1,692/SF

Building Size

42,533 SF

Asset Type

Closing

Apr 30, 2019

AI

A residential condo located at 75 Kenmare St has been involved in a closed transaction. The property, known as 75 Kenmare Condos, spans a total area of 42,533 square feet and consists of 38 units. The transaction took place on May 1, 2019.

Summary of transaction details

The notable individuals and companies involved in this transaction include Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Nick Scribani from Newmark Knight Frank, who acted as brokers. Lenny Kravitz, renowned musician and designer, provided the design for the property.

Players

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
Deutsche Bank
Deutsche BankLender

New York CRE Market Snapshot

Boundary boundary · CRE · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93