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660 Lexington Avenue

Derby Copeland Capital Provides $54 Million Refinance Loan For Condo At 660 Lexington Avenue
FINANCEDCondo

Derby Copeland Capital Provides $54 Million Refinance Loan For Condo At 660 Lexington Avenue

660 Lexington Avenue

$54,000,000

Building Size

Asset Type

Condo

Closing

May 21, 2026

AI

This property asset is a condo located at 660 Lexington Avenue in the Midtown Manhattan market. It is involved in a refinance transaction amounting to $54,000,000.

Summary of transation details:

The deal involves key individuals including Jessie Hutcher representing Derby Copeland Capital as the lender, and Sergey Rybak and Jason Reznik representing Rybak Development as the landlords. Brokers Scott Miller and Rael Gervis from Meridian Capital Group facilitated the transaction.

Players

Rael Gervis

Meridian Capital Group

Broker

$1.2B

vol

23 deals

Broker
Rybak Development
Rybak DevelopmentBrokerage
Derby Copeland Capital
Derby Copeland CapitalLender
Sergey Rybak

Sergey Rybak

Rybak Development

Landlord

$544.9M

vol

19 deals

Landlord

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

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93