Northwestern Mutual Life Insurance Provides $82.5M Refinance Loan To Vanbarton Group In Kingsbridge Retail Transaction
184 West 237th Street, The Bronx, New York 10463, United States
$82,500,000
$499/SF
Building Size
165,255 SF
Asset Type
Retail
Closing
Oct 9, 2022
About this deal
AI
A loan transaction has taken place in Kingsbridge involving a retail property located at 184 & 193 West 237th Street. The property has a building square footage (BSF) of 450,558 and a total square footage (SF) of 165,255.
Summary of transation details
- Property Type: Retail
- Transaction Date: 10/10/2022
- Address: 184 & 193 West 237th Street, Kingsbridge
- BSF: 450,558
- SF: 165,255
The lender involved in this loan transaction is Northwestern Mutual Life Insurance, with Brian D. Bennett representing the company. The loan amount for the refinance is $82,500,000. The landlord of the property is the Vanbarton Group, with Justin B. Kleinman as their representative.
Please note that no additional information was provided regarding this loan transaction.
On the Map
$82,500,000
$499/SF
Retail
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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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93