facebook
Traded Co logo
Submit

Lalezarian Properties Secures $170M Construction Loan For Mixed-Use Project At 606 West 30th St

Property Image
FINANCED
$170,000,000

New York

See Similar Deals
Mixed-use316,939 SF
Financed 12/08/2021
the dealplayerscompscontact
Property Image
FINANCED

Lalezarian Properties Secures $170M Construction Loan For Mixed-Use Project At 606 West 30th St

606 West 30th Street, Manhattan, New York, NY, USA

See Similar Deals
Mixed-use316,939 SF
Financed 12/08/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$536
Total Square Footage:316,939 SF
Transaction Type:Loan

The mixed-use property located at 606 West 30th Street in Hudson Yards has recently obtained a construction loan from Wells Fargo. The loan amount secured for this project is $170,000,000. The property, owned by Lalezarian Properties and represented by Kevin Lalezarian, is part of the dynamic Hudson Yards market.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $170,000,000
  • Address: 606 West 30th Street
  • Market: Hudson Yards
  • Asset Type: Mixed-use
  • Lender: Wells Fargo
  • Landlord: Lalezarian Properties - Kevin Lalezarian
  • Loan Type: Construction loan

This transaction was facilitated by Kevin Lalezarian, representing Lalezarian Properties, and Wells Fargo, who provided the construction loan for this mixed-use property in Hudson Yards.

Players

Wells Fargo
Wells Fargo
LENDER
Kevin Lalezarian
Lalezarian Properties
Kevin Lalezarian
9 deals$628.1M volume
LANDLORD

Details

FINANCED
IMAGE: Kevin Lalezarian DATE: 11/2021 ADDRESS: 606 West 30th Street MARKET: Hudson Yards ASSET TYPE: Mixed-use LENDER: Wells Fargo LANDLORD: Lalezarian Properties - Kevin Lalezarian LOAN AMOUNT: $170,000,000 LOAN TYPE: Construction loan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$170,000,000.00

Monthly NOI$1,133,333.33
Monthly Debt Service$1,074,515.64
Change in Cash Flow$0.00
Refinance Proceeds$0.00