Ralph Sitt Secures $4.5M Loan For Retail Property In NoMad With Andrews Federal Credit Union
208 Fifth Avenue, Manhattan, New York, NY, USA
$4,465,000
$192/SF
Building Size
23,261 SF
Asset Type
Retail
Closing
Dec 30, 2020
About this deal
AI
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%.
The retail loan at 208 Fifth Avenue, Manhattan, New York, NY, USA in New York, New York financed for $4.5M in 2020. The building is 23,261 square feet, implying about 192 per square foot on the published price. Named participants on the 208 Fifth Avenue, Manhattan, New York, NY, USA loan are Stuart Bruck, Ralph Sitt. This page is the New York, New York file for the 208 Fifth Avenue, Manhattan, New York, NY, USA retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 208 Fifth Avenue, Manhattan, New York, NY, USA around 2020. Published consideration for 208 Fifth Avenue, Manhattan, New York, NY, USA is $4.5M, dated 2020. Cite this Ralph Sitt Secures $4.5M Loan For Retail Property In NoMad With Andrews Federal Credit Union loan when underwriting similar retail product around New York, New York.
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Ralph Sitt to view all their deals.
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.55%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93