AB Capstone Acquires Mixed-Use Property On Westchester Ave For $26.5M With Starwood Capital Loan
FINANCED
$26,500,000
New York
See Similar DealsMixed-use174,000 SF
Financed 05/08/2019
FINANCED
AB Capstone Acquires Mixed-Use Property On Westchester Ave For $26.5M With Starwood Capital Loan
425 Westchester Avenue, The Bronx, NY, USA
See Similar DealsMixed-use174,000 SF
Financed 05/08/2019
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$152
Total Square Footage:174,000 SF
Transaction Type:Loan
Located at 425 Westchester Ave, this mixed-use property recently underwent a closed transaction. The landlord, AB Capstone eirBabaev, secured a loan from Starwood Capital in the amount of $26,500,000. The property spans approximately 174,000 square feet and offers a diverse range of uses.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $26,500,000
- Address: 425 Westchester Ave
- Landlord: AB Capstone eirBabaev
- Lender: Starwood Capital
- BROKERS: Jason Shein, Jonny Yuran, Ron Solarz - Newmark Knight Frank
The loan for this transaction was facilitated by Jason Shein, Jonny Yuran, and Ron Solarz from Newmark Knight Frank. They played a crucial role in the successful negotiation and completion of the deal, representing the parties involved and ensuring a smooth process throughout.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$26,500,000.00
Monthly NOI$176,666.67
Monthly Debt Service$167,498.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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