facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Retail

/

Loan

/

106 Spring St, New York, NY...

ABP Capital Provides $27.7M Loan For Retail Property On Spring St, New York
FINANCEDRetail

ABP Capital Provides $27.7M Loan For Retail Property On Spring St, New York

106 Spring St, New York, NY, 10012

$27,700,000

Building Size

Asset Type

Retail

Closing

Dec 6, 2022

AI

The retail property located at 106 Spring St, New York, NY, 10012, was involved in a recent loan transaction. The loan amount secured for this asset was $27,700,000.00. The borrower's representative in this deal was Tim Polglase from Newmark. The lender for this transaction was ABP Capital, situated in New York.

Summary of transaction details:

The loan transaction at 106 Spring St, New York, NY, 10012, involved Tim Polglase from Newmark representing the borrower and ABP Capital as the lender. This deal underscores the collaboration between these key individuals and companies in the New York market.

Players

Tim Polglase

Newmark

Broker

$3.1B

vol

11 deals

Broker
ABP Capital
ABP CapitalLender

New York Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93