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Stellar Management Refinances 752 West End Avenue Multifamily In Upper West Side For $115M

Property Image
FINANCED
$115,000,000
ML
PM

New York

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MultiFamily174,281 SF
Financed 08/14/2023
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Property Image
FINANCED

Stellar Management Refinances 752 West End Avenue Multifamily In Upper West Side For $115M

752 West End Ave, New York, NY 10025, United States

See Similar Deals
MultiFamily174,281 SF
Financed 08/14/2023
ML
PM
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$659
Total Square Footage:174,281 SF
Transaction Type:Loan

The property involved in this transaction is a multifamily asset located at 752 West End Avenue in the Upper West Side market. The property spans a total area of 174,281 square feet and consists of 172 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $115,000,000
  • Address: 752 West End Avenue
  • Market: Upper West Side
  • Square Footage: 174,281
  • Units: 172

In this refinance transaction, the lender involved is Helaba, represented by Jason Deck. The landlord of the property is Stellar Management, with Matthew Lembo and Pawan Melgiri acting as their representatives in the deal.

Players

Stellar Management
Stellar Management
LENDER
Helaba
Helaba
LENDER
ML
Stellar Management
Matthew Lembo
4 deals$263.8M volume
LANDLORD
PM
Stellar Management
Pawan Melgiri
2 deals$183M volume
LANDLORD

Details

FINANCED
IMAGE: Jason Deck, Matthew Lembo & Pawan Melgiri DATE: 08/14/2023 ADDRESS: 752 West End Avenue MARKET: Upper West Side ASSET TYPE: Multifamily ~ SF: 174,281 ~ UNITS: 172 LENDER: Helaba - Jason Deck LANDLORD: Stellar Management (@StellarManagement) - Matthew Lembo & Pawan Melgiri LOAN AMOUNT: $115,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$115,000,000.00

Monthly NOI$766,666.67
Monthly Debt Service$726,878.23
Change in Cash Flow$0.00
Refinance Proceeds$0.00