Avo Construction Sells Retail Condos On Greenwich St In Tribeca For $6.5M
FINANCED
$6,500,000
New York
See Similar DealsRetail21,761 SF
Financed 05/15/2019
FINANCED
Avo Construction Sells Retail Condos On Greenwich St In Tribeca For $6.5M
408 Greenwich St, New York, NY 10013, USA
See Similar DealsRetail21,761 SF
Financed 05/15/2019
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$298
Total Square Footage:21,761 SF
Transaction Type:Loan
An retail condo located at 408 Greenwich St in the Tribeca market has been sold in a closed transaction. The transaction, which took place on May 15, 2019, involved a loan amount of $6,500,000 from Modern Bank. The property is owned by Avo Construction.
Summary of transaction details
- Property Type: Retail Condos
- Transaction Amount: $6,500,000
- Address: 408 Greenwich St
- Market: Tribeca
Brad Domenico of Progress Capital represented the parties involved as the broker in this deal.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$6,500,000.00
Monthly NOI$43,333.33
Monthly Debt Service$41,084.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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