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2109 Broadway

Morgan Stanley Provides $53.4M Refinance Loan To Stahl Organization For New York City Condo
FINANCEDCondo

Morgan Stanley Provides $53.4M Refinance Loan To Stahl Organization For New York City Condo

2109 Broadway

$53,400,000

$443/SF

Building Size

120,288 SF

Asset Type

Condo

Closing

Mar 10, 2025

AI

The asset involved in this transaction is a condo located at 2109 Broadway in New York City. The loan amount for this refinancing transaction is $53,400,000.00. The lender for this deal is Morgan Stanley, and the landlord is the Stahl Organization.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $53,400,000.00
  • Lender: Morgan Stanley
  • Landlord: Stahl Organization
  • Loan Type: Refinance
  • Transaction Date: 03/10/2025

This transaction involved distinct roles with Morgan Stanley serving as the lender, facilitating the refinancing process. The Stahl Organization is identified as the landlord, indicating their management or ownership stake in the property being financed.

Players

Ted Pick

Morgan Stanley

Lender

$1.7B

vol

14 deals

Lender
Morgan Stanley
Morgan Stanley Lender

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

0.30%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93