Banque J. Safra Sarasin Provides $53.7M Loan For Retail Condo On Madison Avenue
841 Madison Avenue, Manhattan, New York, NY, USA
$53,714,710
$713/SF
Building Size
75,292 SF
Asset Type
Mixed-use
Closing
Oct 15, 2020
About this deal
AI
A retail condo located at 841 Madison Avenue in the Lenox Hill market has recently undergone a closed transaction. The property, characterized as a retail space, was involved in a loan deal.
Summary of transaction details
- Property Type: Retail condo
- Transaction Date: 10/16/2020
- Address: 841 Madison Avenue
- Market: Lenox Hill
Banque J. Safra Sarasin provided a loan of $53,714,710 for this transaction. The lender, JSRE Acquisitions, acted as the landlord in the deal.
The mixed use loan at 841 Madison Avenue, Manhattan, New York, NY, USA in New York, New York financed for $53.7M in 2020. The building is 75,292 square feet, implying about 713 per square foot on the published price. This page is the New York, New York file for the 841 Madison Avenue, Manhattan, New York, NY, USA 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 841 Madison Avenue, Manhattan, New York, NY, USA around 2020. Published consideration for 841 Madison Avenue, Manhattan, New York, NY, USA is $53.7M, dated 2020. Cite this Banque J. Safra Sarasin Provides $53.7M Loan For Retail Condo On Madison Avenue 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93