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57 E 11th St, Manhattan, Ne...

Citi Provides $55M Loan For Mixed-Use Property At 57 E 11th St In Greenwich Village
FINANCEDMixed-use

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

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

Aaron Appel

Walker & Dunlop

Broker

$34.5B

vol

203 deals

Broker
WP
Winter PropertiesLandlord

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