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
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