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212 West 72nd Street

Macquarie Capital Principal Finance Provides $171M Acquisition Loan For 108-Unit Condo On Upper West Side
FINANCEDCondo

Macquarie Capital Principal Finance Provides $171M Acquisition Loan For 108-Unit Condo On Upper West Side

212 West 72nd Street

$171,000,000

Building Size

Asset Type

Condo

Closing

Jan 11, 2024

AI

The property at 212 West 72nd Street in the Upper West Side is a Condo with 108 units. The lender for the transaction was Macquarie Capital Principal Finance, providing a loan amount of $171,000,000 for a refinance. The landlord involved in the deal was Centurion Real Estate Partners, LLC. The transaction was facilitated by brokers Michael Gigliotti, Peter Rotchford, Rob Hinckley, and Jeffrey Julien from JLL.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $171,000,000
  • Units: 108
  • Address: 212 West 72nd Street
  • Market: Upper West Side
  • Lender: Macquarie Capital Principal Finance
  • Landlord: Centurion Real Estate Partners, LLC
  • Brokers: Michael Gigliotti, Peter Rotchford, Rob Hinckley & Jeffrey Julien - JLL

The team of Michael Gigliotti, Peter Rotchford, Rob Hinckley, and Jeffrey Julien from JLL played a significant role in the successful refinancing deal at 212 West 72nd Street. Their expertise and negotiation skills were crucial in finalizing the transaction, highlighting their experience in handling large-scale commercial real estate deals. Each member of the team brought valuable insights and industry knowledge, ensuring a smooth and efficient refinancing process for the property.

Players

Jeffrey Julien

JLL

Broker

$9B

vol

58 deals

Broker
Macquarie Group
Macquarie GroupLender

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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93