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
10,659 SF
Asset Type
Retail
Closing
Nov 21, 2025
About this deal
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.
On the Map
$7,200,000
$337/SF
Retail
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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