Macy’s Inc. Secures $26.9M Loan For Retail Property In Mill Basin
5400 Avenue U, Brooklyn, NY 11234, USA
$26,967,306
$1/SF
Building Size
23,982,500 SF
Asset Type
Retail
Closing
Jul 7, 2020
About this deal
AI
The retail property located at 5400 Avenue U in Mill Basin has been involved in a closed transaction. The property spans a total of 2,398,250 square feet and is owned by Macy's Inc. The deal was financed by U.S. Bank, with a loan amount of $26,967,306.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $26,967,306
- Address: 5400 Avenue U
- Market: Mill Basin
- Landlord: Macy's Inc.
- Lender: U.S. Bank
- Square Footage: 2,398,250
The key individuals and companies involved in this transaction include Macy's Inc. as the landlord and U.S. Bank as the lender. Jeff Gennette is the representative of Macy's Inc. in this deal, but no additional information is available regarding the parties involved.
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93