Apollo Provides $807M Loan For Retail Property At 730 Fifth Avenue In Midtown
FINANCED
$807,000,000
+ 2
New York
See Similar DealsRetail92,000 SF
Financed 08/26/2019
FINANCED
Apollo Provides $807M Loan For Retail Property At 730 Fifth Avenue In Midtown
The Crown Building, New York, NY 10019, USA
See Similar DealsRetail92,000 SF
Financed 08/26/2019
+ 2
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$8,771
Total Square Footage:92,000 SF
Transaction Type:Loan
The Crown Building, located at 730 Fifth Avenue in Midtown, was the subject of a recent retail transaction. The property spans approximately 92,000 square feet and was sold for a loan amount of $807,000,000. The building is owned by Brookfield and Wharton, with Jeff Sutton possibly involved as well.
Summary of Transaction Details:
- Property Type: Retail
- Transaction Amount: $807,000,000
- Square Footage: 92,000
- Address: 730 Fifth Avenue
- Market: Midtown
The transaction was facilitated by AKS Capital Partners, represented by Aaron Appel and Keith Kurland, and JLL, represented by David Sitt. Apollo served as the lender for this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$807,000,000.00
Monthly NOI$5,380,000.00
Monthly Debt Service$5,100,788.95
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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