Effy Jewelry's Hematian Family Secures $75M Loan For Mixed-Use Property At 590 Fifth Avenue In Midtown
FINANCED
$75,000,000
New York
See Similar DealsMixed-use100,000 SF
Financed 08/19/2022
FINANCED
Effy Jewelry's Hematian Family Secures $75M Loan For Mixed-Use Property At 590 Fifth Avenue In Midtown
590 Fifth Avenue, New York City, New York 10017, United States
See Similar DealsMixed-use100,000 SF
Financed 08/19/2022
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$750
Total Square Footage:100,000 SF
Transaction Type:Loan
The mixed-use property located at 590 Fifth Avenue in Midtown, with a total square footage of 100,000, has recently been involved in a loan transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $75,000,000
- Address: 590 Fifth Avenue
- Market: Midtown
The loan was provided by Signature Bank, and the landlord of the property is Effy Jewelry, owned by the Hematian family. Bobby Hematian, Effy Hematian, and Benny Hematian are pictured in an image associated with the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$75,000,000.00
Monthly NOI$500,000.00
Monthly Debt Service$474,051.02
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions