Gazit Horizons Acquires Upper East Side Retail Property With Home Depot Tenant
410 East 61st Street
$134,400,000
$356/SF
Building Size
377,386 SF
Asset Type
Retail
Closing
Aug 9, 2020
About this deal
AI
A retail property located at 410 East 61st Street in the Upper East Side has been involved in a recent transaction. The property is owned by Gazit Horizons, represented by Chaim Katzman and Jeff Mooallem, and has a tenant, @HomeDepot. The transaction took place on August 9th, 2021, and the lender involved is Mesirow Financial, represented by Richard S. Price. The loan amount for this transaction is $134,400,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $134,400,000
- Market: Upper East Side
- Address: 410 East 61st Street
- Tenant: @HomeDepot
- Lender: Mesirow Financial - Richard S. Price
- Landlord: Gazit Horizons - Chaim Katzman & Jeff Mooallem
- Broker: AckmanZiff Real Estate Group
The transaction involved key individuals and companies such as Chaim Katzman, Jeff Mooallem, Richard S. Price, and the AckmanZiff Real Estate Group. They played essential roles in completing the deal for the retail property located at 410 East 61st Street.
On the Map
$134,400,000
$356/SF
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
About $356 per square foot on a published $134.4M for 377,386 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93