PCCP Provides $55M Loan For Mixed-Use Property At 305 East 61st Street In Lenox Hill
FINANCED
$30,000,000
New York
See Similar DealsMultiFamily662,340 SF
Financed 03/31/2020
FINANCED
PCCP Provides $55M Loan For Mixed-Use Property At 305 East 61st Street In Lenox Hill
305 E 61st St, New York, NY 10065, USA
See Similar DealsMultiFamily662,340 SF
Financed 03/31/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$45
Total Square Footage:662,340 SF
Transaction Type:Loan
The mixed-use property located at 305 East 61st Street in Lenox Hill has been involved in a recent closed transaction. Spanning an impressive 66,237 square feet, this property offers a dynamic space for various purposes.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $55,000,000
- Address: 305 East 61st Street
- Market: Lenox Hill
- Lender: PCCP
- Landlord: Forkosh Development Group
- Loan Date: 07/08/2022
The loan for this transaction, amounting to $55,000,000, was provided by PCCP. The landlord in this deal is the Forkosh Development Group. The transaction took place on 07/08/2022, marking an important milestone for the parties involved.
Players
BROKERAGE
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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