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
About this deal
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.
On the Map
$450,000,000
Retail
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Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Deal FAQ
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