Simon Baron Development Group Secures $105M Loan For 393 W End Ave Rental On UWS
393 West End Avenue, New York, NY, USA
$105,000,000
$783/SF
Building Size
134,000 SF
Asset Type
Retail
Closing
Mar 4, 2019
AI
The rental property located at 393 W End Ave in the Upper West Side (UWS) was recently involved in a closed transaction. The property, owned by Simon Baron Development Group, was financed by M&T Bank with a loan amount of $105,000,000. The property spans approximately 134,000 square feet and consists of 114 units. Ayush Kapahi from HKS Real Estate Advisors represented the parties involved in the deal.
Summary of transaction details
- Property Type: Rental
- Transaction Amount: $105,000,000
- Address: 393 W End Ave
- Market: UWS
- Square Footage: 134,000
- Units: 114
- Lender: M&T Bank
- Landlord: Simon Baron Development Group
- Broker: Ayush Kapahi - HKS Real Estate Advisors
This transaction showcases the collaborative effort of the parties involved, including the property owner, Simon Baron Development Group, and the financing provided by M&T Bank. Ayush Kapahi of HKS Real Estate Advisors played a significant role as the broker representing the parties throughout the deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93