Updated Feb 16, 2024
Goldman Sachs Provides $71.5M Construction Loan For Development Site In Manhattan
212 West 95th Street, New York, NY 10025
$71,500,000
$14,019/SF
Building Size
5,100 SF
Asset Type
Development Site
Closing
Mar 13, 2018
About this deal
AI
The construction loan for a development site located at 212 West 95th Street in Manhattan, NY has been secured. The loan amount is $71,500,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $71,500,000
- Lender: Goldman Sachs - Lloyd Blankfein
- Landlord: Certes Partners - Elan Hakimian and Sunder Jambunathan, United Management and Metropolitan Acquisitions
- Broker: Zevi Schwartz
- Market: Manhattan, NY
- Date: 03/14/2018
The loan was provided by Goldman Sachs, with Lloyd Blankfein representing the lender. Certes Partners, led by Elan Hakimian and Sunder Jambunathan, along with United Management and Metropolitan Acquisitions, are the landlords of the development site. The deal was facilitated by broker Zevi Schwartz.
On the Map
$71,500,000
$14,019/SF
Development Site
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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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93