Valley National Bank Provides $13.7M Loan For Flatiron Retail Property
47 W 20th St, New York, NY 10011, USA
$13,772,842
$5,112/SF
Building Size
2,694 SF
Asset Type
Retail
Closing
Apr 6, 2020
About this deal
AI
Ben Ashkenazy and Daniel Levy have closed a retail property transaction in the Flatiron market. The property, located at 652 Ave. of the Americas and 47 W. 20th St, was acquired for a loan amount of $13,772,842. The landlord of the property is @AACRealty. Valley National Bank provided the loan for this transaction.
Summary of transaction details
- Property Type: Retail
- Loan Amount: $13,772,842
Ben Ashkenazy and Daniel Levy, representing themselves in this deal, successfully closed the transaction in Flatiron. Valley National Bank acted as the lender, providing the loan amount of $13,772,842 for the acquisition of the retail property. The landlord of the property is @AACRealty.
Players
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93