Chetrit Group And Stellar Management Refinances Mixed-Use Properties On Upper East Side & Upper West Side For $1.08B With Lenders BMO, Starwood, And Citibank
784 Columbus Avenue, New York City, New York 10025, United States
$1,079,000,000
$680/SF
Building Size
1,585,271 SF
Asset Type
Mixed-use
Closing
Aug 2, 2022
About this deal
AI
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,079,000,000
- Address: 784, 788 & 792 Columbus Avenue, 305 East 86th Street & 160 East 88th Street
- Market: Upper East Side & Upper West Side
- Square Footage: 1,585,271 SF
- Lender: BMO - Paul Vanderslice, Starwood - Steve Bartlett & Citibank - Joseph Dyckman
- Landlord: The Chetrit Group & Stellar Management
- Broker: Henry Bodek - Galaxy Capital
The mixed use loan at 784 Columbus Avenue, New York City, New York 10025, United States in New York, New York financed for $1.1B in 2022. The building is 1,585,271 square feet, implying about 680 per square foot on the published price. Henry Bodek, Galaxy Capital appear on the loan alongside Galaxy Capital. This page is the New York, New York file for the 784 Columbus Avenue, New York City, New York 10025, United States mixed use financed: pricing, party profiles, and other closed mixed use comps from the same New York sit in the Market section below. Filter that New York mixed use set by closing date to see what else financed near 784 Columbus Avenue, New York City, New York 10025, United States around 2022. Published consideration for 784 Columbus Avenue, New York City, New York 10025, United States is $1.1B, dated 2022. Cite this Chetrit Group And Stellar Management Refinances Mixed-Use Properties On Upper East Side & Upper West Side For $1.08B With Lenders BMO, Starwood, And Citibank loan when underwriting similar mixed use product around New York, New York.
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
0.01%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93