Updated Sep 16, 2025
ZD Jasper Realty Secures $73 Million Construction Loan From Madison Realty Capital For Multifamily At 171 East 86th Street
171 East 86th Street
$73,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 17, 2025
About this deal
AI
The property asset involved is located at 171 East 86th Street in the Upper East Side. This multifamily asset is associated with a construction loan amounting to $73,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Lender: Madison Realty Capital
- Landlord: ZD Jasper Realty
- Landlord's Representative: Morris Betesh & Omar Ferreira - Arrow Real Estate Advisors
- Loan Type: Construction
Key individuals involved in the transaction include Josh Zegen, Morris Betesh, and Omar Ferreira, representing their respective companies in this significant financial arrangement, emphasizing their roles in securing the construction loan for the multifamily asset.
On the Map
$73,000,000
MultiFamily
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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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93