Centurion Realty's Ralph Tawil Leases Soho Retail Space To Apple For $75M Loan
103 Prince St, New York, NY 10012, USA
$75,000,000
$2,637/SF
Building Size
28,434 SF
Asset Type
Retail
Closing
Mar 17, 2020
AI
The retail property located at 103 Prince Street in Soho has been involved in a closed transaction. The property spans 28,434 square feet and is owned by Centurion Realty, represented by Ralph Tawil. The loan amount for this transaction was $75,000,000, provided by Credit Agricole Corporate & Investment Bank.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $75,000,000
- Tenant: @Apple
- Landlord: Centurion Realty - Ralph Tawil
- Lender: Credit Agricole Corporate & Investment Bank
- Market: Soho
The tenant in this transaction is @Apple, while the lender is Credit Agricole Corporate & Investment Bank. Centurion Realty, with Ralph Tawil as their representative, acted as the landlord in this deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93