Drew

[Drew @meaty_bones]

@aussieflya That and also when you start having 3, 4 bed Affordable units it could hurt the economics.

[Drew @meaty_bones]

Loan basis = $1,545,000/unit 🤯

[Traded: New York @tradedny]

LOAN
IMAGE: Christopher Peck, Nicco Lupo, Peter Rotchford, Christopher Pratt & Rob Hinckley
DATE: 10/31/2025
ADDRESS: Anagram Columbus Circle - 1 West 60th Street
MARKET: Central Park South (West)
ASSET TYPE: Multifamily ~ SF: 159,466 ~ UNITS: 123

LENDER: JP Morgan , BayernLB & Sumitomo Mitsui Trust Bank
LANDLORD: Global Holdings
BROKERS: Christopher Peck, Peter Rotchford, Rob Hinckley, Nicco Lupo & Christopher Pratt - JLL

LOAN AMOUNT: $190,000,000
LOAN TYPE: Refinance

#NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #TradedPartner #CentralParkSouth #Multifamily #ChristopherPeck #JLL #PeterRotchford #RobHinckley #NiccoLupo #ChristopherPratt #GlobalHoldings #JPMorgan #BayernLB #SumitomoMitsuiTrustBank

[Drew @meaty_bones]

@aussieflya Same, maybe taking some time to ramp up 🤷‍♂️

[Drew @meaty_bones]

@cre_debt_broker Feel since thxgiving it just hasn’t had anything other than Newmark ads dressed as articles and rankings for reit bond issues

[Drew @meaty_bones]

@MrCondominium They’re getting keys so yes. I bet these hit $5-6k/ft on avg.

[Drew @meaty_bones]

This project is going to be so awesome. MSD and global holdings providing $335M condo construction loan.

[Commercial Observer @commobserver]

Legion Ready to Develop its Gramercy Park Condo After $47M Purchase https://t.co/xBQUflulo1

[Drew @meaty_bones]

@aussieflya I just typed in the address + “landmark presentation” into Google. I only knew about this one bc there was press about it elsewhere.

[Drew @meaty_bones]

@aussieflya Block off going to be exponentially better in a couple years

[Drew @meaty_bones]

@aussieflya https://t.co/rVVwPkFL1B

[Drew @meaty_bones]

@hitsamty I base this off the well known UES condo I live across the street from that I’ve never seen anyone walk in and out and will only have the lights on in one unit if any. Similar buyer type for this I would think.

[Drew @meaty_bones]

@rhunterh The wife and I were down for the count real bad last weekend. Also very short lived thankfully. Think something is going around.

[Drew @meaty_bones]

@jefffeldman Imagine if you panic locked at 4.80 like 2 days ago

[Drew @meaty_bones]

I guess you would just need to put in whatever equity capital out of pocket to get loan to size to 1.0x but certainly not 100% financing

[Drew @meaty_bones]

Do zero cash flow deals actually happen today or is it more of just a fun academic exercise in a spreadsheet? Just basic math on it means you need to acquire STNL with IG tenant at 120-200bps of positive leverage to cover amortization.

This is outside my realm so posting here

[Drew @meaty_bones]

Every underwater deal is like “maybe we can 1031 to a zero cash flow deal and keep the tax man away” and I just don’t understand how it’s possible given borrowing costs vs cap rates

[Drew @meaty_bones]

@groundupgrind No comment

[Drew @meaty_bones]

This might be the first equity raise I’ve seen posted on traded and I have a lot questions

[Traded: New York @tradedny]

EQUITY RAISE
IMAGE: Eric Michael Anton & Max Herzog
DATE: 12/31/2024
ADDRESS: 767 3rd Avenue
MARKET: Turtle Bay
ASSET TYPE: Office

BUYER: Quantum Pacific & Metro Loft Management, LLC
SELLER: Sage Realty
BROKE...

View Post on Traded:https://t.co/hmfn1ptrJx