Skyline Developers Secures $18M Refinance Loan From JP Morgan Chase For Léman Manhattan School
41 Broad Street
$18,000,000
$196/SF
Building Size
91,553 SF
Asset Type
School
Closing
Apr 29, 2025
About this deal
AI
The property asset involved in the transaction is the Léman Manhattan Preparatory School building located at 41 Broad Street in the Financial District of Manhattan. The asset features an approximate building size of 91,553 square feet and a base site area of 111,100 square feet.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $18,000,000
- Lender: JP Morgan Chase
- Landlord: Orin Wilf & Leonard Wilf - Skyline Developers
- Loan Type: Refinance
Skyline Developers, represented by Walwilhal Associates, LLC in the transaction, secured the refinancing loan from JP Morgan Chase. Orin Wilf and Leonard Wilf are the key individuals behind the ownership of the property, involved in this financial transaction.
On the Map
$18,000,000
$196/SF
School
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Players
New York School Market Snapshot
Boundary boundary · School · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93