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Morgan Stanley Provides $53.4M Refinance Loan To Stahl Organization For New York City Condo
FINANCED
$53,400,000
New York
See Similar DealsCondo120,288 SF
Financed 03/10/2025
FINANCED
Morgan Stanley Provides $53.4M Refinance Loan To Stahl Organization For New York City Condo
2109 Broadway
See Similar DealsCondo120,288 SF
Financed 03/10/2025
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$443
Total Square Footage:120,288 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$53,400,000.00
Monthly NOI$356,000.00
Monthly Debt Service$337,524.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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