facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Mixed Use

/

Loan

/

162 5th Avenue, Manhattan, ...

MassMutual Provides $85M Loan For Mixed-use Property At 162 5th Avenue In Flatiron
FINANCEDMixed-use

MassMutual Provides $85M Loan For Mixed-use Property At 162 5th Avenue In Flatiron

162 5th Avenue, Manhattan, New York, NY, USA

$85,000,000

$607/SF

Building Size

140,000 SF

Asset Type

Mixed-use

Closing

Sep 27, 2018

AI

The property involved in this closed transaction is a mixed-use asset located at 162 5th Avenue in the Flatiron market. It spans across 140,000 square feet and has recently undergone a loan transaction.

Summary of transaction details

  • Property Type: Mixed Use
  • Loan Amount: $85,000,000
  • Loan Terms: 30 Year Self-amortizing loan
  • Lender: MassMutual
  • Landlord: ABS Partners
  • Brokers: Brian Warwick (Principal, ABS Altman Warwick), Morris Dweck (Associate Broker)

The loan was provided by MassMutual, while ABS Partners acted as the landlord in this transaction. The brokers involved in the deal are Brian Warwick, Principal of ABS Altman Warwick, and Morris Dweck, an Associate Broker. They represented the respective parties in the transaction.

Players

Brian Warwick

ABS Altman Warwick

Broker

$506M

vol

10 deals

Broker
AP
ABS PartnersLandlord

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

0.19%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93