Updated Dec 4, 2024
HSBC Provides $176M Loan For Resi Condo Development On Upper East Side
200 E 83rd St, New York, NY 10028, USA
$176,000,000
Building Size
—
Asset Type
Development Site
Closing
Jul 10, 2019
About this deal
AI
The Naftali Group has secured a loan from HSBC for the development of a residential condominium located at 200 East 83rd St in the Upper East Side market. The loan amount for this transaction is $176,000,000. The property is a residential condominium development project.
Summary of transaction details
- Property Type: Residential Condo Development
- Transaction Amount: $176,000,000
- Lender: HSBC
- Landlord: The Naftali Group
- Address: 200 East 83rd St
- Market: Upper East Side
Daniel Moore and Miki Naftali, representing The Naftali Group, successfully secured the loan from HSBC for the development of the residential condominium at 200 East 83rd St in the Upper East Side market.
Players
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93