Barclays Capital Provides $38M Loan For Mott Haven Office Property
362 Courtlandt Avenue, West Bronx, Bronx, NY, USA
$38,000,000
$673/SF
Building Size
56,411 SF
Asset Type
Office
Closing
Jul 21, 2021
About this deal
AI
The office property located at 362 Courtlandt Avenue in Mott Haven has been involved in a recent loan transaction. Barclays Capital provided a loan amount of $38,000,000 for this property, which spans across 56,411 square feet. The landlord for this asset is Manatus Development Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $38,000,000
- Address: 362 Courtlandt Avenue
- Market: Mott Haven
- Landlord: Manatus Development Group
- Square Footage: 56,411
In this deal, Barclays Capital acted as the lender for the office property located at 362 Courtlandt Avenue. Manatus Development Group represents the landlord in this transaction.
Players
Bronx 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93