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Simon Baron Development Group Secures $105M Loan For 393 W End Ave Rental On UWS

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FINANCED
$105,000,000

New York

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Retail134,000 SF
Financed
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Property Image
FINANCED

Simon Baron Development Group Secures $105M Loan For 393 W End Ave Rental On UWS

393 West End Avenue, New York, NY, USA

See Similar Deals
Retail134,000 SF
Financed
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$783
Total Square Footage:134,000 SF
Transaction Type:Loan

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

Ayush Kapahi
7 deals$779.3M volume
BROKER

LANDLORD

Details

FINANCED
IMAGE: Ayush Kapahi, Jonathan Simon and Matthew Baron DATE: 03/05/2019 ADDRESS: 393 W End Ave MARKET: UWS ASSET TYPE: Rental LENDER: M&T Bank LANDLORD: Simon Baron Development Group LOAN AMOUNT: $105,000,000 SF: 134,000 UNITS: 114 BROKERS: Ayush Kapahi - HKS Real Estate Advisors

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$105,000,000.00

Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00