Ralph Sitt Secures $4.5M Loan For Retail Property In NoMad With Andrews Federal Credit Union
FINANCED
$4,465,000
New York
See Similar DealsRetail23,261 SF
Financed 12/31/2020
FINANCED
Ralph Sitt Secures $4.5M Loan For Retail Property In NoMad With Andrews Federal Credit Union
208 Fifth Avenue, Manhattan, New York, NY, USA
See Similar DealsRetail23,261 SF
Financed 12/31/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$192
Total Square Footage:23,261 SF
Transaction Type:Loan
Ralph Sitt secured a loan for a retail property in the NoMad market. The property is located at 208 Fifth Avenue and 1130 Broadway.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,465,000
The loan was provided by Andrews Federal Credit Union, and Stuart Bruck of Status Capital served as the broker representing Ralph Sitt. The loan terms are 5 years with an interest rate of 4.2%.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$4,465,000.00
Monthly NOI$29,766.67
Monthly Debt Service$28,221.84
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions