Citibank Provides $27.7M Loan For Office Property In Mott Haven
354 East 149th Street, West Bronx, Bronx, NY, USA
$27,700,000
$835/SF
Building Size
33,150 SF
Asset Type
Office
Closing
Aug 11, 2021
About this deal
AI
The office property located at 354 East 149th Street in Mott Haven has been involved in a recent closed transaction. The property spans across 33,150 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $27,700,000
- Market: Mott Haven
- Address: 354 East 149th Street
The lender for this transaction was citibank''>Citibank. The landlord of the property is New City Realty Company.
The office loan at 354 East 149th Street, West Bronx, Bronx, NY, USA in Bronx, New York financed for $27.7M in 2021. The building is 33,150 square feet, implying about 835 per square foot on the published price. This page is the Bronx, New York file for the 354 East 149th Street, West Bronx, Bronx, NY, USA office financed: pricing, party profiles, and other closed office comps from the same Bronx sit in the Market section below. Filter that Bronx office set by closing date to see what else financed near 354 East 149th Street, West Bronx, Bronx, NY, USA around 2021. Published consideration for 354 East 149th Street, West Bronx, Bronx, NY, USA is $27.7M, dated 2021. Cite this Citibank Provides $27.7M Loan For Office Property In Mott Haven loan when underwriting similar office product around Bronx, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93