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Yeung Chi Shing Holding And Kingsville Investments Refinance Retail Property At 677 5th Avenue For $38.6M
FINANCED
$38,600,000
New York
See Similar DealsRetail31,250 SF
Financed 10/31/2025
FINANCED
Yeung Chi Shing Holding And Kingsville Investments Refinance Retail Property At 677 5th Avenue For $38.6M
677 5th Avenue
See Similar DealsRetail31,250 SF
Financed 10/31/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,235
Total Square Footage:31,250 SF
Transaction Type:Loan
The retail property located at 677 5th Avenue in Midtown East, Manhattan encompasses 31,250 square feet. Yeung Chi Shing Holding and Kingsville Investments have refinanced the property with a loan amount of $38,600,000 from Citibank, replacing prior debt from East West Bank.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $38,600,000
- Address: 677 5th Avenue
- Market: Midtown East, Manhattan
- Lender: Citibank
- Landlord: Yeung Chi Shing Holding & Kingsville Investments
- Loan Type: Refinance
This transaction involved Yeung Chi Shing Holding and Kingsville Investments in the role of landlords of the retail property. The refinance with Citibank signifies a strategic move to manage existing debts more efficiently.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,600,000.00
Monthly NOI$257,333.33
Monthly Debt Service$243,978.26
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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