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
About this deal
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.
The mixed use loan at 156 W 54th St, New York, NY 10019, USA in New York, New York financed for $18.3M in 2020. 156 W 54th St, New York, NY 10019, USA is classified as Mixed Use on Traded. Ryan Horowitz, Cooper Horowitz appear on the loan alongside Cooper Horowitz. This page is the New York, New York file for the 156 W 54th St, New York, NY 10019, USA 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 156 W 54th St, New York, NY 10019, USA around 2020. Published consideration for 156 W 54th St, New York, NY 10019, USA is $18.3M, dated 2020. Cite this Citi Provides $18.25M Loan For Mixed-Use Properties In Upper West Side 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93