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
About this deal
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.
On the Map
$15,500,000
Note / Loan
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Players
Brooklyn 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93