Banque J. Safra Sarasin Provides $53.7M Loan For Retail Condo On Madison Avenue
FINANCED
$53,714,710
New York
See Similar DealsMixed-use75,292 SF
Financed 10/16/2020
FINANCED
Banque J. Safra Sarasin Provides $53.7M Loan For Retail Condo On Madison Avenue
841 Madison Avenue, Manhattan, New York, NY, USA
See Similar DealsMixed-use75,292 SF
Financed 10/16/2020
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$713
Total Square Footage:75,292 SF
Transaction Type:Loan
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.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$53,714,710.00
Monthly NOI$358,098.07
Monthly Debt Service$339,513.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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