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530 Park Avenue

RFR Secures $7.2M Refinance Loan From Citibank For Manhattan Retail And Office Properties
FINANCEDRetail

RFR Secures $7.2M Refinance Loan From Citibank For Manhattan Retail And Office Properties

530 Park Avenue & 400 East 90th Street

$7,200,000

$337/SF

Building Size

21,318 SF

Asset Type

Retail

Closing

Nov 21, 2025

AI

The properties involved in the transaction include retail space at 400 East 90th Street and office space at 530 Park Avenue, located in the Lenox Hill neighborhood of Manhattan. The total square footage of the assets is 10,659. RFR Holding, represented by 530 Park Commercial Holdings LLC, secured a refinance loan amounting to $7,200,000.

Summary of transation details:

  • Property Type: Retail & Office
  • Transaction Amount: $7,200,000
  • Lender: Citibank
  • Landlord: Aby Rosen & Michael Fuchs - RFR
  • Date: 11/21/2025
  • Address: 530 Park Avenue & 400 East 90th Street
  • Market: Lenox Hill, Manhattan

Aby Rosen and Michael Fuchs are the landlords in this transaction, involved through their company RFR. Citibank acted as the lender for the refinance loan, facilitating the financial aspect of the deal for the Manhattan properties.

Players

Citibank
CitibankLender

Michael Fuchs

RFR

Landlord

$3.6B

vol

25 deals

Landlord
RFR
RFRLandlord

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

2.20%

Cash-on-Cash

-0.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93