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1 Park Row

Circle F Capital Secures $77M Refinance Loan From PCCP For One Park Row Condo In Manhattan
FINANCEDCondo

Circle F Capital Secures $77M Refinance Loan From PCCP For One Park Row Condo In Manhattan

1 Park Row

$77,000,000

Building Size

Asset Type

Condo

Closing

Dec 31, 2025

AI

The property asset involved is a 24-story condo located at 1 Park Row in Manhattan, with a total size of 103,000 square feet. The recent financial transaction involved a loan amount of $77,000,000 as part of a refinance process.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $77,000,000
  • Lender: PCCP
  • Landlord: Circle F Capital

This transaction introduced Grand Rapids investor Eenhoorn as an equity partner to Circle F Capital. The brokers involved in the deal include Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian, and Dustin Stolly representing Walker & Dunlop.

Players

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
PCCP
PCCPLender

New York Condo Market Snapshot

Boundary boundary · Condo · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93