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1289 Lexington Avenue, New ...

Updated Jun 5, 2025

Bilt advertisement
JPMorgan Chase Refinances Mixed-Use Property In Carnegie Hill For $136.6M
FINANCEDMixed-use

JPMorgan Chase Refinances Mixed-Use Property In Carnegie Hill For $136.6M

1289 Lexington Avenue, New York City, New York 10029, United States

$136,631,498

$223/SF

Building Size

611,613 SF

Asset Type

Mixed-use

Closing

Jul 4, 2022

About this deal

AI

Located at 1289 Lexington Avenue in Carnegie Hill, this mixed-use property spans a total area of 611,613 square feet. The property was recently involved in a refinancing transaction.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $136,631,498
  • Market: Carnegie Hill
  • Lender: JPMorgan Chase
  • Landlord: Zeckendorf Development

JPMorgan Chase provided a loan of $136,631,498 to refinance the property. Zeckendorf Development acted as the landlord in the transaction.

The mixed use loan at 1289 Lexington Avenue, New York City, New York 10029, United States in New York, New York financed for $136.6M in 2022. The building is 611,613 square feet, implying about 223 per square foot on the published price. This page is the New York, New York file for the 1289 Lexington Avenue, New York City, New York 10029, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 1289 Lexington Avenue, New York City, New York 10029, United States around 2022. Published consideration for 1289 Lexington Avenue, New York City, New York 10029, United States is $136.6M, dated 2022. Cite this JPMorgan Chase Refinances Mixed-Use Property In Carnegie Hill For $136.6M loan when underwriting similar mixed use product around New York, New York.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender
ZD
Zeckendorf DevelopmentLandlord

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Loan transactions

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Deal FAQ

About $223 per square foot on a published $136.6M for 611,613 square feet (2022).

Browse New York mixed use loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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