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:
- Property Type: Multifamily
- Transaction Amount: $96,500,000
- Lender: Värde Partners
- Landlord: Eli Weiss - Joy Construction, Jorge Madruga - MADDD Equities & Drew Katz
- Brokers: Jordan Roeschlaub, Nick Scribani, Adam Doneger, Ricky Braha & Samuel Speciale - Newmark
- Loan Type: Refinance
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
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