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50 West 66th Street, New Yo...

Updated Nov 18, 2025

Bank OZK Provides $967M Construction Loan For Mixed-Use Project In Upper West Side
FINANCEDMixed-use

Bank OZK Provides $967M Construction Loan For Mixed-Use Project In Upper West Side

50 West 66th Street, New York City, New York 10023, United States

$967,000,000

Building Size

Asset Type

Mixed-use

Closing

Feb 8, 2022

About this deal

AI

Located in the Upper West Side market, the mixed-use property at 50 West 66th Street has recently undergone a significant transaction.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $967,000,000
  • Address: 50 West 66th Street
  • Market: Upper West Side

The loan for this property was provided by Bank OZK, with David Sarner and JVP Management representing the lender. The loan type is a construction loan.

Extell, the landlord of the property, is represented by Gary Barnett.

The mixed use loan at 50 West 66th Street, New York City, New York 10023, United States in New York, New York financed for $967M in 2022. 50 West 66th Street, New York City, New York 10023, United States is classified as Mixed Use on Traded. Named participants on the 50 West 66th Street, New York City, New York 10023, United States loan are Gary Barnett. This page is the New York, New York file for the 50 West 66th Street, New York City, New York 10023, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 50 West 66th Street, New York City, New York 10023, United States around 2022. Published consideration for 50 West 66th Street, New York City, New York 10023, United States is $967M, dated 2022. Cite this Bank OZK Provides $967M Construction Loan For Mixed-Use Project In Upper West Side loan when underwriting similar mixed use product around New York, New York.

Players

Gary Barnett

EXTELL

Broker

$8.4B

vol

61 deals

Broker
Bank OZK
Bank OZKLender
Gary Barnett

Gary Barnett

EXTELL

Landlord

$8.4B

vol

61 deals

Landlord

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

0.02%

Cash-on-Cash

-0.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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