Meritz Real Estate Asset Management Provides $65.6M Loan For Retail Property At 115 Spring Street In Soho, New York
115 Spring St, New York, NY 10012, USA
$65,600,000
$21,866/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Aug 13, 2018
About this deal
AI
An image showing Andrew Matthias and Marc Holliday has been released, indicating their involvement in a recent closed property transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65,600,000
- Date: 08/14/2018
- Address: 115 Spring Street, New York
- Market: Soho
The lender for this deal is Meritz Real Estate Asset Management, while the landlord is @SLGreen_Realty.
The retail loan at 115 Spring St, New York, NY 10012, USA in New York, New York financed for $65.6M in 2018. The building is 3,000 square feet, implying about 21.9K per square foot on the published price. This page is the New York, New York file for the 115 Spring St, New York, NY 10012, USA retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 115 Spring St, New York, NY 10012, USA around 2018. Published consideration for 115 Spring St, New York, NY 10012, USA is $65.6M, dated 2018. Cite this Meritz Real Estate Asset Management Provides $65.6M Loan For Retail Property At 115 Spring Street In Soho, New York loan when underwriting similar retail product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93