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40 West 87th Street

Updated Sep 10, 2026

Bilt advertisement
SL Property Group Secures $8.1 Million Acquisition Loan From Derby Copeland Capital For Upper West Side Multifamily
FINANCEDMultiFamily

SL Property Group Secures $8.1 Million Acquisition Loan From Derby Copeland Capital For Upper West Side Multifamily

40 West 87th Street & 42 West 87th Street

$8,100,000

Building Size

Asset Type

MultiFamily

Closing

Aug 24, 2026

About this deal

AI

The property asset involved in the transaction is a multifamily building located at 40 West 87th Street & 42 West 87th Street in the Upper West Side market. The loan amount for this acquisition is $8,100,000, facilitated by Derby Copeland Capital, a private equity firm based in New York City that focuses on opportunistic real estate-related debt financing and equity investments.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,100,000
  • Lender: Derby Copeland Capital
  • Borrower: SL Property Group
  • Loan Type: Acquisition
  • Date of Loan: 08/24/2026
  • Market: Upper West Side

In this transaction, Derby Copeland Capital serves as the lender to SL Property Group, highlighting the firm's role in financing the acquisition of this multifamily asset. Derby Copeland Management Group, LLC is noted as a registered investment adviser, although such registration does not convey any specific expertise or skill in this context.

Players

SL Property Group
SL Property GroupBuyer
Derby Copeland Capital
Derby Copeland CapitalLender

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

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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