Landsea Homes And DNA Development Acquire Multifamily Property In Greenwich Village, Manhattan For $52.8M
FINANCED
$97,000,000
New York
See Similar DealsMultiFamily
Financed 09/14/2018
FINANCED
Landsea Homes And DNA Development Acquire Multifamily Property In Greenwich Village, Manhattan For $52.8M
536 6th Avenue, Manhattan, NYC, NY, USA
See Similar DealsMultiFamily
Financed 09/14/2018
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan
The multifamily property located at 530 Sixth Ave & 536-540 Sixth Ave in Greenwich Village, Manhattan, NY has been sold and financed. The sale and loan were completed on September 14, 2018. The property is owned by @Extell and was purchased by Landsea Homes and DNA Development. The sale price for the property was $52,800,000, and a loan amount of $97,000,000 was secured from Mack Real Estate. The property is a multifamily asset, and it is situated in Greenwich Village, Manhattan.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $52,800,000
- Loan Amount: $97,000,000
- Address: 530 Sixth Ave & 536-540 Sixth Ave, Greenwich Village, Manhattan, NY
- Seller: @Extell
- Buyer: Landsea Homes and DNA Development
- Lender: Mack Real Estate
The deal was facilitated by Patrick Hanlon, Sean Meehan, and Ross Cumming of Ackman-Ziff, who acted as brokers in the transaction.
Players
BUYER
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$97,000,000.00
Monthly NOI$646,666.67
Monthly Debt Service$613,105.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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