Updated Oct 29, 2024
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
About this deal
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.
The development site loan at 430 Main Street, New York City, New York 10044, United States in New York, New York financed for $111M in 2022. 430 Main Street, New York City, New York 10044, United States is classified as Development Site on Traded. Named participants on the 430 Main Street, New York City, New York 10044, United States loan are David Kramer, Frank Monterisi. This page is the New York, New York file for the 430 Main Street, New York City, New York 10044, United States development site financed: pricing, party profiles, and other closed development site comps from the same New York sit in the Market section below. Filter that New York development site set by closing date to see what else financed near 430 Main Street, New York City, New York 10044, United States around 2022. Published consideration for 430 Main Street, New York City, New York 10044, United States is $111M, dated 2022. Cite this Related Companies And The Hudson Companies Secure $111M Construction Loan For Roosevelt Island Development Site loan when underwriting similar development site product around New York, New York.
On the Map
$111,000,000
Development Site
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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