FINANCEDRetail
RXR Realty Secures $375M Loan For Retail Asset In New York
25 11th Avenue
$375,000,000
Building Size
—
Asset Type
Retail
Closing
Apr 12, 2019
About this deal
AI
The retail property located at 25 11th Avenue in New York was involved in a recent loan transaction. The borrower, RXR Realty, secured a loan amount of $375,000,000.00 from Nuveen Real Estate, the lender.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $375,000,000.00
- Address: 25 11th Avenue
- Market: New York
- Borrower's Rep: Russell Schildkraut(Ackman-Ziff), Simon Ziff(Ackman-Ziff)
- Borrower: RXR Realty
- Lender: Nuveen Real Estate
Russell Schildkraut and Simon Ziff from Ackman-Ziff acted as the borrower's representatives in this transaction.
On the Map
$375,000,000
Retail
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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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93