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111 E 210th St, The Bronx, ...

Updated Oct 29, 2024

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

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

Bank Of NY Mellon
Bank Of NY MellonLender

New York Other Market Snapshot

Boundary boundary · Other · Loan transactions

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Deal FAQ

About $200 per square foot on a published $706.5M for 3,517,220 square feet (2020).

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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

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