New York luxury mixed use property

Mixed use | New York, NY

Acquisition of three luxury condominium units with parking and retail spaces in the Upper West Side of Manhattan, near Lincoln Center and Columbus Circle

Investment highlights

  • The mixed use property is situated on 1.66 acres in the desirable Upper West Side neighborhood of Manhattan, where new development has taken place in the last few years.
  • The property provides direct access to the West Side Highway and is just a few blocks away from Central Park and Mount Sinai West as well as a variety of educational institutions, including John Jay College and Fordham Law School.
  • The Upper West Side is surrounded by new residential developments and offers an abundance of retail, dining and entertainment options within a one-mile radius.

Location

Investment details1

Total loan size
$38,000,000
Purpose
Acquisition
LTV
75%
Date of loan
04/09/19
Year built
2017
Square feet
718,973
Portfolio weight
6.1%

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