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715 5th Avenue

Olivier Gavalda Of Credit Agricole Provides $450M Loan For Retail Space In Midtown Manhattan
FINANCEDRetail

Olivier Gavalda Of Credit Agricole Provides $450M Loan For Retail Space In Midtown Manhattan

715 5th Avenue & 717 5th Avenue

$450,000,000

Building Size

Asset Type

Retail

Closing

Dec 22, 2025

AI

The property asset involved in this transaction is a 115,000 square feet retail space located at 715-717 5th Avenue in Midtown Manhattan. The loan amount provided for this asset totals $450 million.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $450,000,000
  • Address: 715-717 5th Avenue
  • Market: Midtown Manhattan
  • Lender: Olivier Gavalda - Credit Agricole

This loan transaction was facilitated by Olivier Gavalda, representing Credit Agricole, which is the lender providing mortgage financing for the retail space.

Players

Credit Agricole Corporate
Credit Agricole CorporateLender

New York Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93