Goldman Sachs Provides $35M Loan For Jeff Koons' Multifamily Property At 11 East 67th Street
FINANCED
$35,000,000
New York
See Similar DealsMultiFamily178,380 SF
Financed 10/29/2020
FINANCED
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
See Similar DealsMultiFamily178,380 SF
Financed 10/29/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$196
Total Square Footage:178,380 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$35,000,000.00
Monthly NOI$233,333.33
Monthly Debt Service$221,223.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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