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
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.
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