Updated Sep 30, 2026
Derby Copeland Capital Closes $8 Million Acquisition Loan For Multifamily Property In Upper East Side
330 East 59th Street & 334 East 59th Street
$8,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 10, 2026
About this deal
AI
The property asset involved in this transaction is a multifamily asset located at 330 East 59th Street and 334 East 59th Street in the Upper East Side market. The transaction involved an acquisition loan in the amount of $8,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,000,000
- Lender: Derby Copeland Capital
- Borrower: Lamont Street & Astor & Rowe
- Loan Type: Acquisition
- Date of Loan: 09/10/2026
The deal's key individuals and companies include Derby Copeland Capital, a New York City-based private equity firm specializing in opportunistic real estate-related debt financing and equity investments. Lamont Street & Astor & Rowe participated as the borrowing entity in this acquisition transaction.
On the Map
$8,000,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93