Updated Feb 16, 2024
Goldman Sachs Provides $35M Loan For Jeff Koons' Multifamily Property At 11 East 67th Street
11 E 67th St, New York, NY 10065, Estados Unidos
$35,000,000
$196/SF
Building Size
178,380 SF
Asset Type
MultiFamily
Closing
Oct 28, 2020
About this deal
AI
The multifamily property located at 11 East 67th Street in Lenox Hill has undergone a recent transaction. The asset spans a total of 17,838 square feet, making it a significant property in the area.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $35,000,000
- Date: 10/29/2020
- Lender: Goldman Sachs
- Landlord: Jeff Koons
Jeff Koons, a prominent figure in the art world, assumes the role of landlord for this property. The funding for the transaction was provided by Goldman Sachs, indicating their involvement in the deal. The loan amount secured for this transaction amounts to a substantial $35,000,000.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93