175 West 76th Street LLC Buys $37M Note From Emmanuel Roman - PIMCO

341 Amsterdam Avenue

$37,000,000

Building Size

—

Asset Type

Note / Loan

Closing

May 15, 2024

AI

175 West 76th Street LLC purchased a $37 million note from PIMCO, backed by Lichter & Lichter's 100-unit residential building at 341 Amsterdam Avenue in Upper West Side, Manhattan.

Summary of transaction details:

Property Type: Note / Loan
Transaction Amount: $37,000,000
Address: 341 Amsterdam Avenue
Market: Upper West Side, Manhattan

Emmanuel Roman from PIMCO was the seller in the transaction.

Players

New York Note / Loan Market Snapshot

Boundary boundary · Note / Loan · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93