Bank Of America Refinances Condo At 252 South Street In Manhattan
252 South Street, New York City, New York 10002, United States
$217,000,000
Units
242
Asset Type
Condo
Closing
Aug 11, 2022
About this deal
AI
A condominium located at 252 South Street in Manhattan has recently undergone a loan refinancing transaction. The property consists of 242 units and is owned by Extell Development, represented by Marc Kwestel. The loan was provided by Bank of America, with Christine Trotter serving as the lender's representative.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $217,000,000
- Address: 252 South Street
- Market: Manhattan
- Units: 242
- Lender: Bank of America - Christine Trotter
- Landlord: Extell Development - Marc Kwestel
- Loan Type: Refinance
Christine Trotter, representing Bank of America, facilitated the loan refinancing. The collaboration between Extell Development and Bank of America has allowed for the successful refinancing of the condominium at 252 South Street in Manhattan.
On the Map
$217,000,000
Condo
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93