Criterion Real Estate Capital Provides $130M Loan For Resi Condo In Hell's Kitchen
FINANCED
$130,000,000
New York
See Similar DealsCondo110,500 SF
Financed 01/15/2021
FINANCED
Criterion Real Estate Capital Provides $130M Loan For Resi Condo In Hell's Kitchen
615 10th Avenue
See Similar DealsCondo110,500 SF
Financed 01/15/2021
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$1,176
Total Square Footage:110,500 SF
Transaction Type:Loan
The residential condominium located at 615 10th Avenue in Hell's Kitchen has recently been involved in a closed transaction. The property, spanning an area of 110,500 square feet, was the subject of a loan provided by Criterion Real Estate Capital.
Summary of transaction details
- Property Type: Residential Condominium
- Transaction Amount: $130,000,000
- Address: 615 10th Avenue, Hell's Kitchen
- Market: Hell's Kitchen
The loan was secured by the XIN Development Group International, the landlord of the property. The deal was facilitated by Dustin Stolly, Jordan Roeschlaub, and Daniel Fromm from Newmark.
Note: No additional information on the property or the individuals involved in the transaction was provided.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$130,000,000.00
Monthly NOI$866,666.67
Monthly Debt Service$821,688.43
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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