facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Development Site

/

Loan

/

259 East 71st Street

G4 Capital Partners Provides $165 Million Construction Loan For Development Site In New York City
FINANCEDDevelopment Site

G4 Capital Partners Provides $165 Million Construction Loan For Development Site In New York City

259 East 71st Street

$165,000,000

Building Size

Asset Type

Development Site

Closing

Mar 6, 2025

AI

The asset involved in this transaction is a development site located at 259 East 71st Street in New York City. The loan amount secured for this project is $165,000,000.00 and it is categorized as a construction loan.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $165,000,000.00
  • Market: New York City
  • Lender: G4 Capital Partners
  • Landlord: Rabsky Group and Chetrit Group
  • Loan Type: Construction

This transaction involves G4 Capital Partners as the lender providing the capital for the construction project, while Rabsky Group and Chetrit Group are identified as the landlords involved in the deal.

Players

Jason Behfarin

G4 Capital Partners

Lender

$497.1M

vol

8 deals

Lender
G4 Capital Partners
G4 Capital PartnersLender
Simon Dushinsky

Simon Dushinsky

Rabsky Group

Landlord

$1.6B

vol

18 deals

Landlord

New York Development Site Market Snapshot

Boundary boundary · Development Site · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.10%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93