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10th Avenue, Lincoln Square...

Concert Hall At 10 @LincolnCenter Plaza In Lincoln Square Secures $175M Non-Recourse Bridge Loan. Brokers: Simon Ziff, Russell Schildkraut, Lawrence Ackman
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Concert Hall At 10 @LincolnCenter Plaza In Lincoln Square Secures $175M Non-Recourse Bridge Loan. Brokers: Simon Ziff, Russell Schildkraut, Lawrence Ackman

10th Avenue, Lincoln Square, New York, NY, USA

$175,000,000

Building Size

Asset Type

Other

Closing

Apr 26, 2021

AI

A concert hall located at 10 @LincolnCenter Plaza in the Lincoln Square market has recently undergone a transaction. The property, known for its exceptional acoustics and grandeur, was involved in a closed deal on 04/27/2021.

Summary of transaction details

  • Property Type: Concert Hall
  • Transaction Amount: $175,000,000
  • Address: 10 @LincolnCenter Plaza
  • Market: Lincoln Square

The brokers involved in this deal were Simon Ziff, Russell Schildkraut, and Lawrence Ackman from Ackman Ziff.

The terms of the loan secured for this transaction were a non-recourse, corporate bridge facility.

Players

Simon Ziff

Ackman-Ziff

Broker

$2.2B

vol

12 deals

Broker

New York Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93