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75 West End Ave, New York, ...

Updated Mar 11, 2025

New York Life Lends $55M For MultiFamily Property At 75 West End Ave, New York
FINANCEDMultiFamily

New York Life Lends $55M For MultiFamily Property At 75 West End Ave, New York

75 West End Ave, New York, NY, 10023

$55,000,000

Units

1,000

Asset Type

MultiFamily

Closing

Apr 3, 2019

About this deal

AI

The $55 million loan was provided by New York Life Real Estate Investors for the refinance of West End Towers, a 1,000-unit apartment community located at 75 West End Ave in New York. The property boasts panoramic river and city views and is situated on the Upper Westside of Manhattan near Lincoln Square.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $55,000,000.00
  • Address: 75 West End Ave, New York, NY, 10023
  • Market: New York
  • Borrower's Rep: Mark Young (New York Life Real Estate Investors)
  • Lender: New York Life

Mark Young, representing New York Life Real Estate Investors' New York regional office, secured the financing for the property owner, an affiliate of The Brodsky Organization. The terms of the financing for the transaction were not disclosed.

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$55,000,000

MultiFamily

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Players

Mark Young

New York Life Real Estate Investors

Broker

$55M

vol

1 deal

Broker
New York Life
New York LifeLender
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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