Morgan Stanley Provides $4.3M Loan To Refinance Retail Property On Fulton St In New York
111 Fulton Street, New York City, New York 10038, United States
$4,300,000
$1,972/SF
Building Size
2,180 SF
Asset Type
Retail
Closing
Mar 30, 2022
About this deal
AI
The retail condominium located at 111 Fulton St in New York, NY has been involved in a refinancing transaction. The property spans a total area of 2,180 square feet and is occupied by Chipotle Mexican Grill.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,300,000
- Loan Type: Refinance
This 10-year fixed-rate loan with full-term interest-only payments was provided by Morgan Stanley. The lender worked with the landlord, The Klein Group, on this transaction. Black Bear Capital Partners, represented by Bryan Manz, Brandon Harris, and George Pektor, served as the brokers for the deal.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit George Pektor to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93