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
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.
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