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Patrinely Group, DHA Capital, And USAA Real Estate Co Refinances MultiFamily Property In HellsKitchen, Manhattan For $169M

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FINANCED
$169,000,000
Gideon Gil
Adam Spies
+ 1

New York

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MultiFamily265,000 SF
Financed 07/24/2018
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FINANCED

Patrinely Group, DHA Capital, And USAA Real Estate Co Refinances MultiFamily Property In HellsKitchen, Manhattan For $169M

535 W 43rd St, New York, NY 10036, USA

See Similar Deals
MultiFamily265,000 SF
Financed 07/24/2018
Gideon Gil
Adam Spies
+ 1
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$637
Total Square Footage:265,000 SF
Transaction Type:Loan

The multi-family property located at 535 West 43rd Street in Hells Kitchen, Manhattan, New York City has recently undergone a refinancing deal. The property spans a total of 265,000 square feet and comprises 280 units. The loan amount for this transaction was $169 million.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $169M
  • Address: 535 West 43rd Street, Hells Kitchen, Manhattan, New York City
  • Market: HellsKitchen, Manhattan
  • City: New York City
  • Asset Type: MultiFamily
  • Square Footage: 265K
  • Units: 280
  • Lender: Pacific Coast Capital Partners
  • Landlord: Patrinely Group, DHA Capital, and USAA Real Estate Co
  • Broker: Cushwake - Adam Doneger, Adam Spies, Gideon Gil, and others

This refinance deal was facilitated by Pacific Coast Capital Partners as the lender. The property is jointly owned by the Patrinely Group, DHA Capital, and USAA Real Estate Co. The brokerage firm involved in this transaction is Cushwake, with representatives including Adam Doneger, Adam Spies, Gideon Gil, and others.

Players

Adam Doneger
189 deals$50B volume(516) 317-7837
BROKER

Adam Spies
Newmark
260 deals$71.4B volume(212) 841-7500
BROKER

Gideon Gil
Cushman & Wakefield
48 deals$11.1B volume
BROKER

Steve Kohn
Cushman & Wakefield
18 deals$6.8B volume
BROKER

Pacific Coast Capital Partners (PCCP)
LENDER




Details

FINANCED
IMAGE: Len O’Donnell DATE: 07/24/2018 ADDRESS: 535 West 43rd Street MARKET: HellsKitchen, Manhattan CITY: NewYork NYC ASSET TYPE: MultiFamily SF: 265K UNITS: 280 LOAN AMOUNT: $169M DEAL TYPE: Refinance LENDER: Pacific Coast Capital Partners LANDLORD: Patrinely Group, DHA Capital, and USAA Real Estate Co BROKER: @Cushwake Adam Doneger (@ADoneger), Adam Spies, Gideon Gil, and […]

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$169,000,000.00

Monthly NOI$1,126,666.67
Monthly Debt Service$1,068,194.96
Change in Cash Flow$0.00
Refinance Proceeds$0.00