Amalgamated Bank Provides $25M Refinance Loan For Mott Haven Office Building
110 East 149th Street, The Bronx, New York 10455, United States
$25,000,000
$410/SF
Building Size
60,969 SF
Asset Type
Office
Closing
Oct 13, 2021
About this deal
AI
The office located at 110 East 149th Street in Mott Haven has been involved in a loan transaction. The property spans 60,969 square feet and is classified as an office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 110 East 149th Street
- Market: Mott Haven
- Lender: Amalgamated Bank
- Landlord: Greg Bauso, Nick Lembo & Kirk Goodrich - Monadnock Development
The loan for this property amounting to $25,000,000 is a refinance. The landlord of the property, represented by Greg Bauso, Nick Lembo, and Kirk Goodrich from Monadnock Development, secured the loan from Amalgamated Bank.
On the Map
$25,000,000
$410/SF
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93