DERBY COPELAND CAPITAL PROVIDES $33.75M ACQUISITION FINANCING FUNDING FOR UPPER EAST SIDE PROPERTY GROUND LEASE ACQUISIITON
Derby’s Investment Platform Expands Coverage of
New York City Middle-Market Properties with Latest Loans
NEW YORK, NY, December 2, 2024 – Derby Copeland Capital (DCC), a vertically integrated New York City-based real estate investment platform specializing in opportunistic real estate related debt financing and equity investments, recently closed a loan – totaling $33.75 million – to provide acquisition financing to AYA Acquisitions to acquire a leasehold interest in the property located at 225 East 63rd Street in Manhattan.
The Property is a fourteen-story mixed-use elevator building with approximately 105,662 gross square feet (“GSF”) above grade. The building consists of one hundred and fifty-one (151) residential units and a parking garage. The residential units are comprised of one hundred thirty-one (131) free market apartments and twenty (20) rent-stabilized units. The Property is situated on a bucolic block between Second and Third Avenue in the Lenox Hill submarket of the Upper East Side neighborhood in Manhattan. The entrance of the Lexington Avenue/63rd Street station (F and Q lines) is a two-minute walk a block away, offering convenient access to Uptown and Midtown Manhattan as well as Brooklyn.
“Derby Copeland Capital remains committed to uncovering compelling investment opportunities backed by middle-market assets in the dynamic New York City market. As a capital provider for property owners during this challenging period for regional banks, we take pride in our role. Our confidence in New York City's real estate is unwavering as we navigate and leverage the evolving opportunities within this vibrant landscape," said Jesse Hutcher, Founding Principal and Chief Investment Officer of Derby Copeland Capital.
About Derby Copeland Capital
Derby Copeland Management Group, LLC (d/b/a Derby Copeland Capital) is a registered investment adviser. Information presented is for marketing purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. All persons should first consult with a qualified financial adviser and/or tax professional before implementing any strategy. Past performance is not indicative of future performance.