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ASG Equities Secures $31.9M Loan From Bank Of America For Retail Building At 19-25 Church Street, Manhattan
FINANCED
$31,915,000
New York
See Similar DealsRetail49,109 SF
Financed 05/11/2023
FINANCED
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
See Similar DealsRetail49,109 SF
Financed 05/11/2023
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$649
Total Square Footage:49,109 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$31,915,000.00
Monthly NOI$212,766.67
Monthly Debt Service$201,724.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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