Updated Oct 29, 2024
Ulllico Provides $11.3M Loan For Development Site At 10 West 17th Street
10 West 17th Street, Manhattan
$11,300,000
$274/SF
Building Size
41,100 SF
Asset Type
Development Site
Closing
Nov 11, 2020
About this deal
AI
A development site located at 10 West 17th Street has been involved in a loan transaction. The loan amount for this transaction is $11,300,000, and the building's square footage (BSF) is 41,100. The loan was provided by ULLICO.
Summary of Transaction Details:
- Property Type: Development site
- Transaction Amount: $11,300,000
- Address: 10 West 17th Street
- Loan Provider: ULLICO
- BSF: 41,100
The development site at 10 West 17th Street was financed through a loan amount of $11,300,000 from ULLICO. The loan was secured by the property, which has a square footage of 41,100. The individuals involved in the transaction include Richard Horowitz and Justin Horowitz from Cooper Horowitz LLC, who acted as brokers in the deal.
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93