Madison International Realty's Ronald M. Dickerman Secures $100M Refinance For Queens Shopping Mall With Natixis' Laurent Mignon
88-15 Queens Blvd, Queens, NY 11373, USA
$100,000,000
$10/SF
Building Size
9,999,999 SF
Asset Type
Other
Closing
Apr 24, 2018
AI
A shopping mall located at 88-15 Queens Boulevard in New York has been refinanced for a total amount of $100,000,000. The property is situated in Queens, a prominent market in the city.
Summary of transaction details
- Property Type: Shopping Mall
- Transaction Amount: $100,000,000
- Address: 88-15 Queens Boulevard, New York
- Market: Queens
The landlord of the shopping mall is Madison International Realty, represented by Ronald M. Dickerman. On the other hand, the loan for this refinancing was provided by natixis''>Natixis, with Laurent Mignon representing the lender. The loan replaces and consolidates $77 million in old debt previously held by Northwestern Mutual.
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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93