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
New York Other Market Snapshot
Boundary boundary · Other · Loan transactions
Loading comparables…
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