Barclays Bank Provides $38M Loan For Mixed-Use Property In Mott Haven
356-362 East 148th Street, West Bronx, Bronx, NY, USA
$38,000,000
$452/SF
Building Size
84,000 SF
Asset Type
Mixed-use
Closing
Jul 23, 2021
About this deal
AI
The mixed-use property located at 356-362 East 148th Street in Mott Haven has been involved in a closed transaction. The property spans approximately 84,000 square feet and is a part of the market in Mott Haven.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $38,000,000
- Address: 356-362 East 148th Street
- Market: Mott Haven
- Landlord: Manatus Development Group - Justin Stern & ParkIt Management - Gary Spindler
The lender for this transaction is Barclays Bank. The loan amount of $38,000,000 is structured with 10-year fixed rate terms and full term interest-only payments. Max Ralby, representing HKS Real Estate Advisors, served as the broker for this deal.
Players
Bronx Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
Loading comparables…
Deal FAQ
Visit Max Ralby to view all their deals.
Browse New York mixed use loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93