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Judah Hammer & Zev Karpel Of Meridian Capital Group Arrange $135M Loan For 24-Story Luxury Apartment Building In New Rochelle

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FINANCED
$135,000,000
Michael Oliver
Zev Karpel
Josh Stein
+ 4

New York

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MultiFamily367,621 SF
Financed 08/25/2022
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FINANCED

Judah Hammer & Zev Karpel Of Meridian Capital Group Arrange $135M Loan For 24-Story Luxury Apartment Building In New Rochelle

1 Shearwood Pl, New Rochelle, New York 10801, United States

See Similar Deals
MultiFamily367,621 SF
Financed 08/25/2022
Michael Oliver
Zev Karpel
Josh Stein
+ 4
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$367
Total Square Footage:367,621 SF
Transaction Type:Loan

A $135,000,000 loan was secured for a multifamily property located at 1 Sherwood Place in New Rochelle. The property is a 24-story high-rise luxury apartment building with 408 units. Additionally, the property has a 422 space parking structure.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $135,000,000
  • Property Address: 1 Sherwood Place
  • Market: New Rochelle
  • Number of Units: 408

Judah Hammer and Zev Karpel of Meridian Capital Group represented the transaction as brokers. They played a key role in securing the loan for the purchase of the property.

Players

Andrew Scandalios
JLL
Andrew Scandalios
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Jose Cruz
JLL
Jose Cruz
102 deals$7.9B volume(201) 240-7546
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Steve Simonelli
JLL
Steve Simonelli
64 deals$4.9B volume
BROKER
Judah Hammer
CBRE
Judah Hammer
36 deals$1.3B volume
BROKER
Josh Stein
CBRE
Josh Stein
13 deals$1.2B volume
BROKER
Zev Karpel
Meridian Capital Group
Zev Karpel
12 deals$1.4B volume
BROKER
Michael Oliver
JLL
Michael Oliver
69 deals$4.3B volume
BROKER

Details

FINANCED
IMAGE: Joe Fingerman (@JFingerman), Judah Hammer, Zev Karpel & Chris Pennino DATE: 08/25/2022 ADDRESS: 1 Sherwood Place MARKET: New Rochelle ASSET TYPE: Multifamily ~ UNITS: 408 BROKERS: Judah Hammer (@JudahHammer) & Zev Karpel - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $135,000,000 LOAN TYPE: Purchase LOAN TERMS: 408 unit 24 story high rise Luxury Apartment building + 422 space parking structure

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$135,000,000.00

Monthly NOI$900,000.00
Monthly Debt Service$853,291.83
Change in Cash Flow$0.00
Refinance Proceeds$0.00