Morris Dweck Of KSR Secures $15 Million Refinance Loan From JP Morgan Chase For Retail Asset
1114 Madison Avenue
$15,000,000
$2,244/SF
Building Size
6,684 SF
Asset Type
Retail
Closing
Dec 11, 2024
AI
The property asset involved in this transaction is a retail space located at 1114 Madison Avenue in the Manhattan market. The total square footage of the property is 6,684. The loan amount for this asset is $15,000,000, secured through a refinance loan with a term of 5 years of interest-only payments.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $15,000,000
- Address: 1114 Madison Avenue
- Market: Manhattan
- Lender: JP Morgan Chase
- Broker: Morris Dweck - KSR
- Loan Type: Refinance
- Loan Terms: 5 years IO
Morris Dweck from KSR represented the financing for this transaction. For any financing inquiries, he can be contacted at [email protected] or 929-353-1764.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93