Morgan Stanley Provides $285M Loan For Flushing Mall
40-24 College Point Blvd, Flushing, NY, USA
$285,000,000
$343,373/SF
Building Size
830 SF
Asset Type
Retail
Closing
Jun 1, 2020
About this deal
AI
Located at 40-24 College Point Blvd in Flushing, this mall property was involved in a recent closed transaction. As per the available information, the property was subject to a loan provided by Morgan Stanley in June 2021. The loan amount for this transaction was $285,000,000.
Summary of transaction details:
- Property Type: Mall
- Transaction Amount: $285,000,000
- Address: 40-24 College Point Blvd
- Market: Flushing
The landlord of the property is represented by @Blackstone, a well-known company. Unfortunately, no further details about the individuals or companies involved in this transaction are available.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93