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411 West 35th Street

Eli Weiss Of Joy Construction Secures $96.5 Million Refinance Loan For The Lewis In Hudson Yards
FINANCEDMultiFamily

Eli Weiss Of Joy Construction Secures $96.5 Million Refinance Loan For The Lewis In Hudson Yards

411 West 35th Street

$96,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 7, 2025

AI

The Lewis, located at 411 West 35th Street in the Hudson Yards market, is a multifamily asset that received a refinance loan amounting to $96,500,000. The property is involved in a financial transaction reflecting its significance in the current real estate market.

Summary of transaction details:

The deal features notable individuals, including Eli Weiss, who is associated with Joy Construction, and Jorge Madruga, representing MADDD Equities. Drew Katz also plays a role as a landlord in this transaction, while the brokerage team from Newmark includes Jordan Roeschlaub, Nick Scribani, Adam Doneger, Ricky Braha, and Samuel Speciale, responsible for facilitating the loan process.

Players

Adam Doneger

Newmark

Broker

$50.2B

vol

190 deals

Broker
Newmark
NewmarkBrokerage
Värde Partners
Värde PartnersLender
Jorge Madruga

Jorge Madruga

Maddd Equities

Landlord

$749.5M

vol

23 deals

Landlord

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

0.16%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93