Updated Jul 9, 2025
Stellar Management Secures $95M Refinance Loan From West End Lender LLC For Multifamily Asset
666 West End Avenue
$95,000,000
$340/SF
Building Size
279,316 SF
Asset Type
MultiFamily
Closing
Jun 26, 2025
About this deal
AI
The asset involved in this transaction is a multifamily property located at 666 West End Avenue in the Upper West Side of Manhattan, featuring a considerable square footage of 279,316. The property has undergone refinancing with a new loan amounting to $95,000,000, which replaces a previous loan of $119,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $95,000,000
- Previous Loan Amount: $119,000,000
- Address: 666 West End Avenue
- Market: Upper West Side, Manhattan
- Landlord: Laurence Gluck
- Company: Stellar Management
- New Lender: West End Lender LLC
Key individuals involved in this transaction include Laurence Gluck, who serves as the landlord and is associated with Stellar Management, while the refinancing was facilitated through West End Lender LLC, indicating a strategic financial move in managing the property's debt structure.
On the Map
$95,000,000
$340/SF
MultiFamily
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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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93