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16 Gramercy Park South

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

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:

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

Goodman Capital
Goodman CapitalLender

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