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
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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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