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David Lichtenstein Of Lightstone Group Refinances Multifamily Asset At 700 West End Avenue For $28.8M
FINANCED
New York
See Similar DealsMultiFamily55,840 SF
Financed 10/20/2025
FINANCED
David Lichtenstein Of Lightstone Group Refinances Multifamily Asset At 700 West End Avenue For $28.8M
700 West End Avenue
See Similar DealsMultiFamily55,840 SF
Financed 10/20/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$515
Total Square Footage:55,840 SF
Transaction Type:Loan
The property asset involved in this transaction is a multifamily building located at 700 West End Avenue in the Upper West Side. The asset comprises 65 units within a total square footage of 55,840. The transaction reflects a refinancing activity with a loan amount of $28,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $28,800,000
- Asset Address: 700 West End Avenue
- Market: Upper West Side
- Asset Size: 55,840 SF
- Units: 65
- Lender: Ivan Kaufman - Arbor Realty Trust
- Landlord: David Lichtenstein - Lightstone Group
- Loan Type: Refinance
This refinancing was executed by Lightstone Group, led by David Lichtenstein, to replace existing debt from Sound Point Asset Management, highlighting a strategic financial move within a notable residential market.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$28,800,000.00
Monthly NOI$192,000.00
Monthly Debt Service$182,035.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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