ASG Equities Secures $31.9M Loan From Bank Of America For Retail Building At 19-25 Church Street, Manhattan
19 Church St New York, NY 10007, USA
$31,915,000
$649/SF
Building Size
49,109 SF
Asset Type
Retail
Closing
May 11, 2023
About this deal
AI
ASG Equities has signed an initial loan agreement worth $31.9 million with Bank of America for a retail building located at 19-25 Church Street in the Financial District of Manhattan. The loan deal closed on May 11, 2023. The property is a retail asset with a total square footage of 49,109. The transaction took place in the Financial District market of Manhattan.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,915,000
- Address: 19-25 Church Street
- Market: Financial District, Manhattan
- Building Square Footage: 49,109
The loan was provided by Bank of America to ASG Equities, with Raymond A. Gindi serving as the landlord. Raymond A. Gindi represents ASG Equities in the deal as their broker representative.
On the Map
$31,915,000
$649/SF
Retail
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Players
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Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93