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
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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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