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JP Morgan Provides $236M Construction Loan For Condo Project At 255 East 77th Street In Lenox Hill, Manhattan

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FINANCED
$236,000,000
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2

New York

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Condo205,383 SF
Financed 12/05/2023
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Property Image
FINANCED

JP Morgan Provides $236M Construction Loan For Condo Project At 255 East 77th Street In Lenox Hill, Manhattan

255 East 77th Street

See Similar Deals
Condo205,383 SF
Financed 12/05/2023
Jordan (Jordy) Roeschlaub
Nick Scribani
+ 2
Contact now

Summary

NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,149
Total Square Footage:205,383 SF
Transaction Type:Loan

The property involved in this closed transaction is a condo located at 255 East 77th Street in Lenox Hill, Manhattan. This spacious condo spans a total of 205,383 square feet.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $236,000,000
  • Address: 255 East 77th Street
  • Market: Lenox Hill, Manhattan
  • Lender: Jamie Dimon - JP Morgan
  • Landlord: Miki Naftali & David Hochfelder - The Naftali Group
  • Brokers: Jordan Roeschlaub, Dustin Stolly & Nick Scribani - Newmark
  • Loan Type: Construction

In this deal, the loan for the property was provided by Jamie Dimon from JP Morgan. The landlords of the property, Miki Naftali and David Hochfelder, are from The Naftali Group. Representing the transaction were brokers Jordan Roeschlaub, Dustin Stolly, and Nick Scribani from Newmark. The loan amount for this transaction was $236,000,000, and it was a construction loan.

Players

Dustin Stolly
266 deals$49.3B volume
BROKER

Dustin Stolly
Walker & Dunlop
266 deals$49.3B volume
BROKER

Nick Scribani
Newmark
192 deals$55.2B volume(212) 372-2113
BROKER

Jordan (Jordy) Roeschlaub
Newmark
322 deals$96.3B volume
BROKER

J.P. Morgan Chase
LENDER

Miki Naftali
Naftali Group
30 deals$3.9B volume
LANDLORD


8 deals$2.8B volume
LANDLORD

Details

FINANCED
IMAGE: Jordan Roeschlaub, Dustin Stolly, Miki Naftali, Nick Scribani, David Hochfelder & Jamie Dimon DATE: 12/05/2023 ADDRESS: 255 East 77th Street MARKET: Lenox Hill, Manhattan ASSET TYPE: Condo ~ SF: 205,383 LENDER: Jamie Dimon - JP Morgan (@JPMorgan) LANDLORD: Miki Naftali & David Hochfelder - The Naftali Group BROKERS: Jordan Roeschlaub (@JordyRoeschlaub), Dustin Stolly & Nick Scribani (@ScribSays) - Newmark (@Newmark) LOAN AMOUNT: $236,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$236,000,000.00

Monthly NOI$1,573,333.33
Monthly Debt Service$1,491,680.54
Change in Cash Flow$0.00
Refinance Proceeds$0.00