Updated Nov 18, 2025
EJS Group Secures $112.5M Construction Loan For Lenox Hill Condo Project
200 East 75th Street
$112,500,000
Units
36
Asset Type
Development Site
Closing
Sep 29, 2023
About this deal
AI
Theodore Zellie Segal's EJS Group has secured a $112.5 million construction loan from Cliffton Hill's Bank OZK for a development site located at 200 East 75th Street in Lenox Hill, Manhattan. The property is a 36-unit condominium project with a buildable square footage (BSF) of 97,569.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $112,500,000
- Lender: Cliffton Hill - Bank OZK
- Landlord: Theodore Segal - EJS Group
- Loan Type: Construction
Theodore Zellie Segal, representing EJS Group, successfully secured the $112.5 million construction loan from Cliffton Hill's Bank OZK. The loan will be used to fund the construction of the 36-unit condominium project at 200 East 75th Street in Lenox Hill, Manhattan.
New York Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93