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
$706,500,000
$200/SF
Building Size
3,517,220 SF
Asset Type
Other
Closing
Jan 31, 2020
About this deal
AI
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
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93