Citi Provides $55M Loan For Mixed-Use Property At 57 E 11th St In Greenwich Village
57 E 11th St, Manhattan, New York, NY, USA
$55,000,000
$9,863/SF
Building Size
5,576 SF
Asset Type
Mixed-use
Closing
May 5, 2019
About this deal
AI
A loan amount of $55,000,000 was secured for a mixed-use property located at 57 E 11th St in Greenwich Village. The lender for this transaction was Citi, and Winter Properties acted as the landlord. The brokers involved in the deal were Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz of JLL NY Capital Markets.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $55,000,000
- Address: 57 E 11th St
- Market: Greenwich Village
The loan was provided by Citi, while Winter Properties served as the landlord for the property located at 57 E 11th St in Greenwich Village. The brokers involved in the transaction were Aaron Appel, Jonathan Schwartz, Keith Kurland, and Adam Schwartz of JLL NY Capital Markets.
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93