Tom Wu Of ZD Jasper Realty Secures $70.9 Million Refinance From Derby Copeland Capital For Vita
401 West 37th Street & 400 West 38th Street
$70,900,000
Units
121
Asset Type
Condo
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in the transaction is a two-tower condominium consisting of 121 units located at 401 West 37th Street and 400 West 38th Street in the Hudson Yards market of Manhattan. This transaction involves a refinancing deal amounting to $70,900,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $70,900,000
- Market: Hudson Yards, Manhattan
- Lender: Derby Copeland Capital
- Landlord: Tom Wu - ZD Jasper Realty
This refinancing was secured by ZD Jasper Realty, representing Tom Wu, demonstrating a strategic financial maneuver for the condominium asset Vita, providing it with fresh capital resources.
On the Map
$70,900,000
Condo
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Players
West Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93