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
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.
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