Mesa West Capital Provides $225M Loan For Residential Property On West 47th Street
71 West 47th Street, Manhattan, New York, NY, USA
$225,000,000
$72,393/SF
Building Size
3,108 SF
Asset Type
Co-Op
Closing
Dec 16, 2018
About this deal
AI
The residential property located at 71 West 47th Street in Midtown has recently been involved in a loan transaction. The loan amount for this transaction was $225 million. The lender in this deal was Mesa West Capital, while the landlord was GreenOak Real Estate Advisors. The transaction was facilitated by brokers Dustin Stolly and Jordan Roeschlaub from NewmarkKF.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $225M
- Address: 71 West 47th Street
- Market: Midtown
- Lender: Mesa West Capital
- Landlord: GreenOak Real Estate Advisors
- Brokers: Dustin Stolly and Jordan Roeschlaub from NewmarkKF
The loan transaction involving the residential property at 71 West 47th Street was successfully facilitated by the assistance of brokers Dustin Stolly and Jordan Roeschlaub from NewmarkKF. Mesa West Capital provided the loan of $225 million for this transaction, ensuring the smooth completion of the deal.
Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93