The Players Secures $15.6M Loan From Goodman Capital And 99 Investments In Manhattan
16 Gramercy Park South
$15,600,000
Building Size
—
Asset Type
Mixed-use
Closing
May 19, 2025
AI
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:
- Property Type: Mixed-use
- Transaction Amount: $15,600,000
- Lender: 99 Investments & Goodman Capital
- Landlord: The Players
- Date: 05/19/2025
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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93