Updated Nov 28, 2024
Aurora Capital Associates & William Gottlieb Real Estate Secure $114M Construction Loan For West Village Industrial Building
134 Jane St New York, Ny 10014, Usa
$114,000,000
Building Size
—
Asset Type
Industrial
Closing
Jun 30, 2023
About this deal
AI
Aurora Capital Associates and William Gottlieb Real Estate, operating as 134 Jane Street LLC, have secured a construction loan worth $114 million for the industrial building located at 134 Jane Street in Manhattan's West Village. The loan was provided by Apollo Global Management's Athene Annuity And Life Company.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $114,000,000
- Lender: Apollo Global Management
- Landlord: Aurora Capital Associates & William Gottlieb Real Estate - Robert Cayre
The deal involved Aurora Capital Associates and William Gottlieb Real Estate, acting as the landlords of the property. Robert Cayre represented them in the transaction. The loan, financed by Apollo Global Management's Athene Annuity And Life Company, will be used for the construction of the industrial building at 134 Jane Street in Manhattan's West Village.
Players
New York Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Deal FAQ
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