Derby Copeland Capital Provides $33.75M Acquisition Loan For 225 East 63rd Street Property
225 East 63rd Street
$33,750,000
$320/SF
Building Size
105,282 SF
Asset Type
Mixed-use
Closing
Nov 26, 2024
AI
A mixed-use property located at 225 East 63rd Street in the Upper East Side neighborhood of Manhattan comprises 105,282 square feet. The transaction involved an acquisition loan amounting to $33,750,000, facilitating the purchase of the residential property by AYA Acquisitions.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $33,750,000
- Address: 225 East 63rd Street
- Market: Upper East Side
- Lender: Derby Copeland Capital
- Brokers: Matthew Dzbanek & Matt Swerdlow - Ariel Property Advisors
- Loan Type: Acquisition
- Asset Size: 105,282 SF
Derby Copeland Capital, a private equity firm based in New York City, specialized in opportunistic real estate-related debt financing and equity investments, provided the origination loan for this transaction. They operate through Derby Copeland Management Group, LLC, which is a registered investment adviser.
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
0.47%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93