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
- Property Type: Residential Condo
- Transaction Amount: $72,000,000
- Address: 75 Kenmare St, New York
- Loan: Provided by Deutsche Bank
- Landlord: DHA Capital, First Atlantic Real Estate, and AMS Acquisitions
- Brokers: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, and Nick Scribani from Newmark Knight Frank
- Designer: Kravitz Design (Lenny Kravitz)
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
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