Updated Sep 14, 2026
Fort Amsterdam Capital Provides $11.05M Bridge Loan For Development Site On Lexington Avenue
150 Lexington Avenue, New York City, New York 10016, United States
$11,050,000
$185/SF
Building Size
59,448 SF
Asset Type
Development Site
Closing
Mar 10, 2022
About this deal
AI
The property involved in this transaction is a development site located at 150 Lexington Avenue in the NoMad market. The site has a total square footage of 59,448 and is owned by Evenhar Development. The transaction took place on 03/11/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,050,000
- Address: 150 Lexington Avenue
- Market: NoMad
- Lender: Fort Amsterdam Capital - David Schwartz & Evan O'Connor
- Landlord: Evenhar Development
- Broker: Ross Cumming - Ackman Ziff
- Loan Type: Bridge Loan
The lender for this transaction is Fort Amsterdam Capital, represented by David Schwartz and Evan O'Connor. The loan amount provided was $11,050,000, and it is a bridge loan. The collateral for the loan consists of the fee simple interests in 154 Lexington Avenue and 130 East 30th Street, as well as the leasehold interests in 150 Lexington Avenue and 154 Lexington Avenue.
On the Map
$11,050,000
$185/SF
Development Site
View full map
Players
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
Loading comparables…
Deal FAQ
Visit Ross Cumming to view all their deals.
Browse New York development site loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93