Bank Leumi Provides $30.6M Refinance Loan For Greenwich Village Retail & Mixed-Use Property
104 West 14th Street, New York City, New York 10011, United States
$30,600,000
$745/SF
Building Size
41,068 SF
Asset Type
Retail
Closing
Jul 14, 2022
About this deal
AI
In a recent transaction in Greenwich Village, a retail and mixed-use property located at 104 West 14th Street & 523 Avenue of the Americas changed hands. The property spans an impressive 41,068 square feet and is situated in a prime location.
Summary of transaction details
- Property Type: Retail & Mixed-use
- Transaction Amount: $30,600,000
- Address: 104 West 14th Street & 523 Avenue of the Americas
- Market: Greenwich Village
- Lender: Bank Leumi
- Landlord: Izaki Group Investments
- Loan Type: Refinance
The deal was facilitated by Bank Leumi, who provided a refinancing loan amounting to $30,600,000. The landlord responsible for the property, Izaki Group Investments, oversaw the transaction. This transaction highlights the ongoing activity and investment opportunities in the vibrant Greenwich Village market.
On the Map
$30,600,000
$745/SF
Retail
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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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93