Barclays PLC Loans $38M For Office Property At 516 Courtlandt Ave, Bronx
516 Courtlandt Ave, Bronx, NY, 10451
$38,000,000
Building Size
—
Asset Type
Office
Closing
Aug 20, 2021
About this deal
AI
The property asset involved in this transaction is located at 516 Courtlandt Ave, Bronx, NY, 10451. It is classified as an office asset and is part of the Bronx market. The loan amount secured for this transaction is $38,000,000.00.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $38,000,000.00
- Borrower's Representative: Max Ralby-Newmark
- Lender: Barclays PLC
- Loan Date: 08/20/2021
- Market: Bronx
This transaction features key representatives involved in the deal, with Max Ralby acting on behalf of the borrower through Newmark, while Barclays PLC serves as the lender facilitating the loan for this office property.
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