Friedland Properties Secures $110M Loan From Guardian Life Insurance For Upper West Side Residential Property
222 W 80th St, New York, NY 10024, USA
$110,000,000
$63,916/SF
Building Size
1,721 SF
Asset Type
Other
Closing
May 28, 2019
About this deal
AI
The residential property located at 222 West 80th Street in the Upper West Side has been involved in a closed transaction. The property, owned by Friedland Properties, has recently secured a loan amount of $110,000,000 from Guardian Life Insurance Company of America.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $110,000,000
- Address: 222 West 80th Street
- Market: Upper West Side
Friedland Properties, the landlord of the property, successfully obtained the loan from Guardian Life Insurance Company of America. William & Lawrence Friedland, representing Friedland Properties, played a significant role in the transaction as the landlord's representatives.
Players
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
Deal FAQ
Browse New York other loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93