facebook
Traded Co logo
Submit

Pro H Development Secures $76.7 Million Construction Loan From Urban Standard Capital For Development Site

Property Image
FINANCED
$76,700,000
Adam Hakim
+ 2

New York

See Similar Deals
Development Site
Financed
the dealplayerscompscontact
Property Image
FINANCED

Pro H Development Secures $76.7 Million Construction Loan From Urban Standard Capital For Development Site

842 Sixth Avenue

See Similar Deals
Development Site
Financed
Adam Hakim
+ 2
Contact now

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Loan

The property asset involved is a development site located at 842 Sixth Avenue in NoMad, Manhattan, with a total buildable square footage of 114,523. The loan for this project is a construction type, amounting to $76,700,000.

Summary of transaction details:

The transaction features involvement from Urban Standard Capital as the lender and Pro H Development as the landlord. The representatives for the landlord in this deal include six distinct individuals from Ripco, ensuring a comprehensive approach to the representation of the landlord's interests.

Players

James Murad
62 deals$2.9B volume(646) 290-2012
BROKER

Adam Hakim
Ripco
60 deals$2.9B volume(646) 290-2011
BROKER


Alexander (Xander) Korolik
Ripco
9 deals$439M volume(917) 846-9143
BROKER

Evan Brudnicki
Ripco
9 deals$439M volume(212) 750-6565
BROKER

Urban Standard Capital
LENDER

Details

FINANCED
IMAGE: Adam Hakim, James Murad, Michael Winter, Xander Korolik & Evan Brudnicki DATE: 5/28/2025 ADDRESS: 842 Sixth Avenue MARKET: NoMad, Manhattan ASSET TYPE: Development Site ~ BSF: 114,523 LENDER: Urban Standard Capital LANDLORD: Pro H Development LANDLORD'S REP: James Murad (@James_Murad), Adam Hakim, Michael Winter, Xander Korolik & Evan Brudnicki - Ripco (@RipcoRealEstate) LOAN AMOUNT: $76,700,000 LOAN TYPE: Construction

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$76,700,000.00

Monthly NOI$511,333.33
Monthly Debt Service$484,796.17
Change in Cash Flow$0.00
Refinance Proceeds$0.00