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
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.
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