Apple Bank For Savings Refinances Hell’s Kitchen Property On West 44th Street For $6.3M
258 268 West 44th Street
$6,334,210
$98/SF
Building Size
64,287 SF
Asset Type
Retail
Closing
Feb 27, 2023
AI
The property involved in this transaction is located at 258-268 West 44th Street in Hell’s Kitchen, Manhattan. It is a retail and office asset with a building square footage (BSF) of 150,300 and a total square footage (SF) of 64,287. The loan, which took place on February 27, 2023, was a refinance for a loan amount of $6,334,210. The lender in this transaction was Apple Bank for Savings, represented by Cynthia Wang. The landlord of the property is MacArthur Holdings, with David Katz as the representative.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: $6,334,210
- Address: 258-268 West 44th Street
- Market: Hell's Kitchen, Manhattan
- BSF: 150,300
- SF: 64,287
- Lender: Apple Bank for Savings - Cynthia Wang
- Landlord: MacArthur Holdings - David Katz
- Loan Type: Refinance
The key individuals involved in this deal are Cynthia Wang, who represented Apple Bank for Savings as the lender, and David Katz, who represents MacArthur Holdings as the landlord. A loan transaction took place on February 27, 2023, with a loan amount of $6,334,210. The property located at 258-268 West 44th Street in Hell’s Kitchen, Manhattan, is a retail and office asset with a building square footage (BSF) of 150,300 and a total square footage (SF) of 64,287.
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Saint Louis Park 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
2.50%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93