Cathy Bank Provides $43M Loan For Dev Site At 300 West 30th Street
FINANCED
$43,000,000
New York
See Similar DealsDevelopment Site67,876 SF
Financed 04/16/2021
FINANCED
Cathy Bank Provides $43M Loan For Dev Site At 300 West 30th Street
300 West 30th Street, Manhattan, New York, NY, USA
See Similar DealsDevelopment Site67,876 SF
Financed 04/16/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$633
Total Square Footage:67,876 SF
Transaction Type:Loan
The development site located at 300 West 30th Street in Chelsea has been involved in a loan transaction. The lender, Cathy Bank, provided a loan amount of $43,000,000 for this property. The site spans a total of 67,876 square feet and consists of 82 units.
Summary of transaction details
- Property Type: Development site
- Loan Amount: $43,000,000
- Address: 300 West 30th Street
- Market: Chelsea
- Units: 82
Eastern Star Development, represented by Anthony Hu, is the landlord of this property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$43,000,000.00
Monthly NOI$286,666.67
Monthly Debt Service$271,789.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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