Seth Haberman signs $29.5M refi with Morgan Stanley for rental in Upper West Side

Seth Haberman through the entity 251 Cpw Housing, LLC as borrower signed a refi loan with lender Morgan Stanley Bank valued at $29.5 million for the 68-unit rental (D7) at 251 Central Park West in Upper West Side, Manhattan.
The deal closed on October 1, 2021 and was recorded on October 14, 2021.
The property has 128,194 square feet of built space and 24,979 square feet of additional air rights for a total buildable of 153,250 square feet according to PincusCo analysis of city data. The loan price per built square foot is $230 and the price per buildable square foot is $192 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Seth Haberman was Seth Haberman.
Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. Of those there was one major renovation application including a certificate of occupancy change (A1) filed with a total estimated value of $5,000. One of the projects were to change the building from a J-2 to a R-2.
The owners according to the Department of Housing Preservation and Development includes Simon Haberman, head officer and Seth Haberman Trustee, officer. The business entity is 251 Cpw Housing Llc.

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