Victor Sigoura Of Legion Investment Group Secures $99 Million Loan For Condo Project In Upper East Side
1491 3rd Avenue & 1497 3rd Avenue
$99,000,000
$330/SF
Building Size
300,000 SF
Asset Type
Condo
Closing
Sep 25, 2026
About this deal
AI
A construction loan amounting to $99 million was secured for a 300,000-square-foot residential project located at 1491-1497 Third Avenue in Manhattan’s Upper East Side. The property is classified as a condo. The loan was provided by BDT & MSD Partners in conjunction with Deutsche Bank.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $99,000,000
- Address: 1491 3rd Avenue & 1497 3rd Avenue
- Market: Upper East Side
- Lender: BDT & MSD Partners; Deutsche Bank
- Landlord: Victor Sigoura - Legion Investment Group & SMA Equities
- Brokers: Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer & Sean Bastian - Walker & Dunlop
The landlords involved in this transaction are Victor Sigoura representing Legion Investment Group and SMA Equities. The brokerage team facilitating the deal includes Aaron Appel, Dustin Stolly, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, and Sean Bastian, all affiliated with Walker & Dunlop.
On the Map
$99,000,000
$330/SF
Condo
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93