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The Zucker Organization Secures $24 Million Refinance For Retail Condo At 30 East 85th Street
FINANCED
$24,000,000
+ 1
New York
See Similar DealsCondo35,000 SF
Financed 08/09/2024
FINANCED
The Zucker Organization Secures $24 Million Refinance For Retail Condo At 30 East 85th Street
30 East 85th Street
See Similar DealsCondo35,000 SF
Financed 08/09/2024
+ 1
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$685
Total Square Footage:35,000 SF
Transaction Type:Loan
The property asset involved is a fully leased 35,000-square-foot retail condo located at 30 East 85th Street in the Upper East Side market of Manhattan. The transaction is a refinancing deal amounting to $24,000,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $24,000,000
- Address: 30 East 85th Street
- Market: Upper East Side
- Landlord: The Zucker Organization
- Loan Type: Refinance
- Brokers: Andrew McNulty, Jeffrey Moroch, Scott A. Singer & Kevin Swartz - Avison Young
Avison Young played a pivotal role in securing the $24-million refinancing for The Zucker Organization in this transaction. This collaborative effort highlights the involvement of brokers Andrew McNulty, Jeffrey Moroch, Scott A. Singer, and Kevin Swartz in facilitating the deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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