Citibank Provides $18.4M Loan For Upper West Side Retail Property
FINANCED
$18,400,000
New York
See Similar DealsRetail262,783 SF
Financed 07/13/2021
FINANCED
Citibank Provides $18.4M Loan For Upper West Side Retail Property
733 Amsterdam Ave, Manhattan, New York, NY, USA
See Similar DealsRetail262,783 SF
Financed 07/13/2021
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$70
Total Square Footage:262,783 SF
Transaction Type:Loan
Located in the Upper West Side, the retail property at 733 Amsterdam Ave recently secured a loan of $18,400,000. The loan was provided by citibank''>Citibank, a prominent financial institution. The property is owned by Agus Holdings and 101 Holdings, with Josh Agus serving as the landlord.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $18,400,000
- Lender: Citibank
- Landlord: Agus Holdings & 101 Holdings - Josh Agus
The transaction was facilitated by Morris Betesh and Morris Dabbah from Meridian Capital Group, representing the parties involved in the deal. Their expertise and negotiation skills played a crucial role in the successful completion of this loan deal. The property's prime location in the Upper West Side market adds to its overall value and potential for future growth.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$18,400,000.00
Monthly NOI$122,666.67
Monthly Debt Service$116,300.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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