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410 East 61st Street

Gazit Horizons Acquires Upper East Side Retail Property With Home Depot Tenant
FINANCEDRetail

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

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.

Players

Simon Ziff

Ackman-Ziff

Broker

$2.2B

vol

12 deals

Broker
Mesirow Financial
Mesirow FinancialLender

Jeff Mooallem

Gazit Horizons

Landlord

$219.6M

vol

4 deals

Landlord

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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93