Citi Provides $18.25M Loan For Mixed-Use Properties In Upper West Side
156 W 54th St, New York, NY 10019, USA
$18,250,000
Building Size
—
Asset Type
Mixed-use
Closing
Nov 9, 2020
AI
The mixed-use properties located at 156 West 54th Street, 212 East 47th Street, and 455 Central Park West in the Upper West Side have undergone a loan transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $18,250,000
- Market: Upper West Side
Citi provided a loan of $18,250,000 for the properties. The landlords involved in the transaction are Hudson Capital Properties and Centerpark. Ryan Horowitz from Cooper Horowitz acted as the broker in the deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93