Feil Org. Secures $75M Loan For Bronx Retail Properties
820 Concourse Village W, The Bronx, NY 10451, USA
$75,000,000
$80/SF
Building Size
933,949 SF
Asset Type
Retail
Closing
May 7, 2020
About this deal
AI
The retail property located at 200 East 161st Street, 820 Concourse Village W, and 198 East 161st Street in Bronx has been involved in a closed transaction. The property spans a total of 933,949 square feet. The lender in this deal was Capital One, providing a loan amount of $75,000,000. The landlord for this property is Feil Org.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $75,000,000
- Address: 200 East 161st Street, 820 Concourse Village W, 198 East 161st Street
- Market: Bronx
- Asset Type: Retail
- Lender: Capital One
- Landlord: Feil Org.
- Square Footage: 933,949
Jeffrey Feil represented Feil Org. as the landlord's representative in this deal.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93