Updated Oct 29, 2024
Bank Of China Provides $23M Loan For Retail Property In Yorkville
1683 3rd Ave, New York, Ny 10128, Usa
$23,000,000
$1,019/SF
Building Size
22,563 SF
Asset Type
Retail
Closing
Apr 15, 2020
About this deal
AI
Gao Yingxin image was captured on 04/15/2020 at 1683 Third Avenue in the Yorkville market. The property is a retail asset with a total of 2 units and a size of 22,563 square feet.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $23,000,000
- Lender: Bank of China
- Landlord: CL Investment Group
The deal involved Bank of China as the lender providing a loan of $23,000,000. CL Investment Group acted as the landlord in this transaction.
The retail loan at 1683 3rd Ave, New York, Ny 10128, Usa in New York, California financed for $23M in 2020. Reported inventory is 22,563 square feet across 2 units, or about 1K per square foot. This page is the New York, California file for the 1683 3rd Ave, New York, Ny 10128, Usa retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 1683 3rd Ave, New York, Ny 10128, Usa around 2020. Published consideration for 1683 3rd Ave, New York, Ny 10128, Usa is $23M, dated 2020. Cite this Bank Of China Provides $23M Loan For Retail Property In Yorkville loan when underwriting similar retail product around New York, California.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93