Deutsche Bank Provides $65M Loan For Mixed-Use Property On Upper West Side
205 W 76th St, New York, NY 10023, USA
$65,000,000
$19,975/SF
Building Size
3,254 SF
Asset Type
Mixed-use
Closing
Dec 12, 2019
About this deal
AI
The mixed-use property located at 205 West 76th Street in the Upper West Side has been involved in a closed transaction. The property, owned by Related Companies, was the subject of a loan from Deutsche Bank in the amount of $65,000,000.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $65,000,000
- Lender: Deutsche Bank
- Landlord: Related Companies
- Address: 205 West 76th Street
- Market: Upper West Side
Notable individuals involved in the deal include Stephen Ross, Jeff Blau, and Christian Sewing.
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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93