Madison Realty Capital And Newbond Holdings Acquire Note/Loan On Lower East Side For $177.3M
215 Chrystie Street, New York City, New York 10002, United States
$177,300,000
Building Size
—
Asset Type
Other
Closing
Oct 5, 2022
About this deal
AI
Located in the Lower East Side market, the property at 215 Chrystie Street recently changed hands in a closed transaction. Madison Realty Capital and Newbond Holdings made the acquisition, purchasing the Note/Loan asset from Deutsche Bank and Aareal Bank. The deal was facilitated by Eastdil Secured, acting as the broker for the transaction. The sale price for the property amounted to $177,300,000.
Summary of transaction details
- Property Type: Note/Loan
- Transaction Amount: $177,300,000
- Buyer: Madison Realty Capital & Newbond Holdings
- Seller: Deutsche Bank & Aareal Bank
- Broker: Eastdil Secured
Josh Zegen and Neil Luthra featured in the image related to the transaction but no additional details were provided regarding their involvement. The sale date for this property was on October 6, 2022.
On the Map
$177,300,000
Other
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Players
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
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