Natixis Provides $130M Loan For 330 East 62nd Street Acquisition On Upper East Side
330 E 62nd St, New York, NY 10065, USA
$130,000,000
$9,484/SF
Building Size
13,706 SF
Asset Type
Other
Closing
Dec 5, 2019
About this deal
AI
Eli Weiss, Brad Domenico & Jorge Madruga have successfully closed a property transaction in the Upper East Side of Manhattan. The property, located at 330 East 62nd Street, was acquired by the partnership between Maddd Equities and Joy Construction. The deal was facilitated by Brad Domenico of Progress Capital, who represented the buyers in the transaction.
Summary of transaction details
- Property Type: Unknown
- Transaction Amount: $130,000,000
- Loan Amount: $130,000,000
- Loan Term: 5 years
- Lender: natixis''>Natixis
- Landlord: Maddd Equities & Joy Construction
- Broker: Brad Domenico - Progress Capital
- Market: Upper East Side
The loan, amounting to $130,000,000, was provided by Natixis for a term of 5 years. Brad Domenico, representing Progress Capital, played a crucial role as the broker for the buyers throughout the transaction. This successful deal further highlights the expertise and capabilities of the involved individuals and companies in the real estate market.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93