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The Players Secures $15.6M Loan From Goodman Capital And 99 Investments In Manhattan

Property Image
FINANCED
$15,600,000

New York

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Mixed-use
Financed 05/19/2025
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Property Image
FINANCED

The Players Secures $15.6M Loan From Goodman Capital And 99 Investments In Manhattan

16 Gramercy Park South

See Similar Deals
Mixed-use
Financed 05/19/2025
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Summary

NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use building located at 16 Gramercy Park South in Manhattan. The address is known for its historical significance, as it is the site of The Players, a historic social club that recently secured a mortgage of $15.6 million. This transaction marks a significant financial acquisition in the Manhattan market.

Summary of transaction details:

The key individuals and companies involved in the deal include The Players, which represents a significant cultural institution in the community, and the lenders, 99 Investments and Goodman Capital, who facilitated the financing through the mortgage loan secured for the property.

Players

LENDER

Details

FINANCED
IMAGE: Thomas Jefferson & William Shakespeare DATE: 05/19/2025 ADDRESS: 16 Gramercy Park South MARKET: Manhattan ASSET TYPE: Mixed-use LENDER: 99 Investments & Goodman Capital LANDLORD: The Players LOAN AMOUNT: $15,600,000 NOTE: The Players, a historic social club at 16 Gramercy Park S. in Manhattan, secured a $15.6M mortgage from Goodman Capital and 99 Investments.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$15,600,000.00

Monthly NOI$104,000.00
Monthly Debt Service$98,602.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00