Goldman Sachs Bank USA Provides $44.2M Loan For Mixed-Use Properties In Bronx
2984 3rd Avenue, The Bronx, NY, USA
$44,205,881
$153/SF
Building Size
288,379 SF
Asset Type
Mixed-use
Closing
Dec 22, 2020
About this deal
AI
Jeff Blau, Stephen Ross, and David Solomon were featured in an Instagram post that showcased a recent loan transaction in the Bronx. The loan was secured for two properties located at 2984 3rd Ave. and 3006 3rd Ave. with a total square footage of 288,379. The mixed-use properties were involved in a closed transaction.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $44,205,881
- Market: Bronx
- Lender: Goldman Sachs Bank USA
- Landlord: Related Companies
- Date: December 23, 2020
Goldman Sachs Bank USA acted as the lender in this transaction, providing a loan amount of $44,205,881. This loan allowed the related companies to secure the properties located at 2984 3rd Ave. and 3006 3rd Ave. The transaction was completed on December 23, 2020, making it a recent development in the Bronx market.
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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93