David Lichtenstein Of Lightstone Group Secures $17.6M Loan For Multifamily At 305 West 99th Street
305 West 99th Street
Building Size
48,099 SF
Asset Type
MultiFamily
Closing
Apr 20, 2026
AI
The asset involved in this transaction is a multi-family building located at 305 West 99th Street in the Upper West Side of Manhattan. The property comprises a total square footage of 48,099 and consists of 46 residential units. The refinancing was undertaken by Lightstone Group.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $17.6 million
- Address: 305 West 99th Street
- Market: Upper West Side
- Asset Size: 48,099 SF
- Number of Units: 46
- Lender: JLL
- Landlord: David Lichtenstein - Lightstone Group
David Lichtenstein, representing Lightstone Group, facilitated the refinancing of the property, which replaced a prior $10 million debt held by the Einy family.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93