Mark Moskowitz And Ameesh Agarwal Acquire Greenwich Village Development Site For $80M
FINANCED
$80,000,000
New York
See Similar DealsDevelopment Site65,000 SF
Financed 06/25/2021
FINANCED
Mark Moskowitz And Ameesh Agarwal Acquire Greenwich Village Development Site For $80M
64 University Pl, Manhattan, New York, NY, USA
See Similar DealsDevelopment Site65,000 SF
Financed 06/25/2021
Summary
NEW YORK
Asset Type:Development Site
Price Per Square Foot:$1,230
Total Square Footage:65,000 SF
Transaction Type:Loan
Located in Greenwich Village, the property at 64 University Pl recently underwent a closed transaction. The development site spans approximately 65,000 square feet, making it an ideal opportunity for future development. The deal, which took place on 25th June 2021, involved a loan amount of $80,000,000.
Summary of transation details
- Property Type: Dev Site
- Transaction Amount: $80,000,000
- Address: 64 University Pl
- Market: Greenwich Village
- Asset Type: Dev Site
- BSF: 65,000
The landlords for this property are Ameesh Agarwal and Mark Moskowitz. Representing the deal was broker Ryan Horowitz from Cooper Horowitz.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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