facebook
Traded Co logo
Submit

Northwell Health Acquires Dev. Site In Manhattan’s Upper East Side For $246M

Property Image
FINANCED
$246,000,000

New York

See Similar Deals
Development Site3,065 SF
Financed 08/20/2018
the dealplayerscompscontact
Property Image
FINANCED

Northwell Health Acquires Dev. Site In Manhattan’s Upper East Side For $246M

202 E 77th St, New York, NY 10075, USA

See Similar Deals
Development Site3,065 SF
Financed 08/20/2018
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$80,261
Total Square Footage:3,065 SF
Transaction Type:Loan

New York-based developer Northwell Health, helmed by Michael J. Dowling, has secured a loan amount of $246,000,000 from CGA Capital for the development of an extensive project located in Manhattan’s Upper East Side. The project comprises of multiple development sites including properties at 201-203 E 76th St, 1339 3rd Ave, 1345 3rd Ave, 200 E 77th St, and 202 E 77th St.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $246,000,000
  • Lender: CGA Capital
  • Landlord/Developer: Northwell Health – Michael J. Dowling
  • Market: Manhattan’s Upper East Side

The transaction involves Northwell Health, led by Michael J. Dowling, as the landlord/developer and CGA Capital as the lender. The loan amount secured for the project is $246,000,000. Situated in Manhattan’s Upper East Side, the project encompasses development sites at 201-203 E 76th St, 1339 3rd Ave, 1345 3rd Ave, 200 E 77th St, and 202 E 77th St.

Players

CGA Capital
CGA Capital
LENDER

Details

FINANCED
IMAGE: Michael J Dowling DATE: 08/20/2018 ADDRESS: 201-203 E 76th St, 1339 3rd Ave, 1345 3rd Ave, 200 E 77th St, and 202 E 77th St MARKET: Manhattan’s Upper East Side CITY: New York ASSET TYPE: Dev. Site LENDER: CGA Capital LANDLORD/DEVELOPER: Northwell Health – Michael J. Dowling LOAN AMOUNT: $246,000,000.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$246,000,000.00

Monthly NOI$1,640,000.00
Monthly Debt Service$1,554,887.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00