Ronald Perelman's 27 East 62nd Street Rental Acquired For $110M By Citibank Lender, Barbara J. Desoer
27 E 62nd St, New York, NY 10065, USA
$110,000,000
$19,217/SF
Building Size
5,724 SF
Asset Type
Other
Closing
Sep 24, 2018
About this deal
AI
Barbara J. Desoer and Ronald Perelman recently closed a property transaction involving a rental asset located at 27 East 62nd Street in Manhattan. The transaction took place on September 25, 2018.
Summary of transaction details
- Property Type: Rental
- Transaction Amount: $110,000,000
- Market: Manhattan
- Units: 30
- Lender: citibank''>Citibank - Barbara J. Desoer
- Landlord: Ronald Perelman
Citibank, represented by Barbara J. Desoer, provided a loan amount of $110,000,000 for this transaction. Ronald Perelman is the landlord of the rental property.
The other loan at 27 E 62nd St, New York, NY 10065, USA in New York, New York financed for $110M in 2018. Reported inventory is 5,724 square feet across 30 units, or about 19.2K per square foot. Named participants on the 27 E 62nd St, New York, NY 10065, USA loan are Ronald Perelman. This page is the New York, New York file for the 27 E 62nd St, New York, NY 10065, USA other financed: pricing, party profiles, and other closed other comps from the same New York sit in the Market section below. Filter that New York other set by closing date to see what else financed near 27 E 62nd St, New York, NY 10065, USA around 2018. Published consideration for 27 E 62nd St, New York, NY 10065, USA is $110M, dated 2018. Cite this Ronald Perelman's 27 East 62nd Street Rental Acquired For $110M By Citibank Lender, Barbara J. Desoer loan when underwriting similar other product around New York, New York.
On the Map
$110,000,000
$19,217/SF
Other
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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