Related Companies And The Hudson Companies Secure $111M Construction Loan For Roosevelt Island Development Site
430 Main Street, New York City, New York 10044, United States
$111,000,000
Building Size
—
Asset Type
Development Site
Closing
Nov 14, 2022
AI
An $111,000,000 construction loan has been secured for a development site located at 430 Main Street in Roosevelt Island. The lender for this transaction is Wells Fargo.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $111,000,000
- Address: 430 Main Street
- Market: Roosevelt Island
The property's landlords in this deal are Frank Monterisi from Related Companies and David Kramer from The Hudson Companies.
Please note that no additional information is available at this time.
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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93