Updated Mar 11, 2025
One Five O West 25th Street Condo Inventory Financing Secured By Calmwater Capital For $32.9M
500 West 25th Street, New York, NY, USA
$32,900,000
$22,488/SF
Building Size
1,463 SF
Asset Type
Development Site
Closing
Mar 19, 2019
About this deal
AI
The property involved in this transaction is a condominium located at 500 W 25th St. The asset type is Condo Inventory Financing. The transaction took place on 03/20/2019. The loan amount for this deal was $32.9M.
Summary of transaction details:
- Property Type: Condo Inventory Financing
- Transaction Amount: $32.9M
- Developer: GDSNY
- Lender: Calmwater Capital
- Mortgage Broker: Adam Hakim, James Murad & Andrew Iadeluca from Meridian Capital Group
The individuals and companies involved in this deal include Adam Hakim, Alan Rudikoff, James Murad, Michael Kirchmann, and Andrew Iadeluca. Calmwater Capital served as the lender for this loan.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93