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Montefiore Medical Center Acquires Riverdale Hospital For $706.5M With Lender Bank Of New York Mellon

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FINANCED
$706,500,000

New York

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Other3,517,220 SF
Financed 02/01/2020
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Property Image
FINANCED

Montefiore Medical Center Acquires Riverdale Hospital For $706.5M With Lender Bank Of New York Mellon

111 E 210th St, The Bronx, NY 10467, USA

See Similar Deals
Other3,517,220 SF
Financed 02/01/2020
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$200
Total Square Footage:3,517,220 SF
Transaction Type:Loan

The hospital located at 111 East 210th Street, 3348 Rochambeau Avenue, and 170 East Gun Hill Road in Riverdale has recently undergone a closed transaction. The hospital, with a total square footage of 351,722, was involved in the deal. The loan amount of the transaction was $706,500,000. The property was owned by Montefiore Medical Center and the lender for the transaction was Bank of New York Mellon.

Summary of transaction details

  • Property Type: Hospital
  • Transaction Amount: $706,500,000
  • Address: 111 East 210th Street, 3348 Rochambeau Avenue, 170 East Gun Hill Road
  • Market: Riverdale
  • Square Footage: 351,722
  • Landlord: Montefiore Medical Center
  • Lender: Bank of New York Mellon

The deal involves the hospital located in Riverdale and the key individuals and companies behind it. The landlord, Montefiore Medical Center, and the lender, Bank of New York Mellon, played crucial roles in the transaction.

Players

LENDER

Details

FINANCED
IMAGE: Dr. Philip Ozuah DATE: 02/01/2020 ADDRESS: 111 East 210th Street, 3348 Rochambeau Avenue, 170 East Gun Hill Road MARKET: Riverdale ASSET TYPE: Hospital LENDER: Bank of New York Mellon LANDLORD: Montefiore Medical Center LOAN AMOUNT: $706,500,000 SF: 351,722

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$706,500,000.00

Monthly NOI$4,710,000.00
Monthly Debt Service$4,465,560.59
Change in Cash Flow$0.00
Refinance Proceeds$0.00