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Note Loan

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7 East 88th Street

David E. Dweck Of Turret Equities Acquires Note Secured By Townhouse In Carnegie Hill For $15.5M
SOLDNote / Loan

David E. Dweck Of Turret Equities Acquires Note Secured By Townhouse In Carnegie Hill For $15.5M

7 East 88th Street

$15,500,000

Building Size

Asset Type

Note / Loan

Closing

Jul 3, 2024

AI

The asset involved in this transaction is a note secured by a nine-unit residential townhouse located at 7 East 88th Street in the Carnegie Hill market of Manhattan. The sale occurred at a price of $15,500,000.

Summary of transaction details:

  • Property Type: Note / Loan
  • Transaction Amount: $15,500,000
  • Buyer: David E. Dweck - Turret Equities
  • Seller: Goodman Capital

The deal was facilitated by David E. Dweck, who leads Turret Equities, representing the buyer in acquiring the financial asset from Goodman Capital.

Players

Brooklyn Note / Loan Market Snapshot

Boundary boundary · Note / Loan · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93