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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Browse New York mixed use loans on Traded.
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