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10 East 29th Street

Global Holdings Secures $249.15 Million Loan From Freddie Mac And Wells Fargo For Multifamily Asset
FINANCEDMultiFamily

Global Holdings Secures $249.15 Million Loan From Freddie Mac And Wells Fargo For Multifamily Asset

10 East 29th Street

$249,147,000

$629/SF

Building Size

395,956 SF

Asset Type

MultiFamily

Closing

Aug 28, 2025

AI

The asset involved in this transaction is a multifamily property located at Anagram Nomad - 10 East 29th Street in Manhattan. It encompasses a total square footage of 395,956 and consists of 392 units.

Summary of transation details:

The brokers representing this transaction include Christopher Peck, Peter Rotchford, Rob Hinckley, Nicco Lupo, and Christopher Pratt, all affiliated with JLL. Their involvement facilitates the financing process between the landlord, Global Holdings, and the lenders, Freddie Mac and Wells Fargo Multifamily Capital.

Players

Christopher Peck

JLL

Broker

$16B

vol

71 deals

Broker
JLL
JLLBrokerage
Freddie Mac
Freddie MacLender
Global Holdings
Global HoldingsLandlord

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93