Citibank Provides $18.4M Loan For Upper West Side Retail Property
733 Amsterdam Ave, Manhattan, New York, NY, USA
$18,400,000
$70/SF
Building Size
262,783 SF
Asset Type
Retail
Closing
Jul 12, 2021
About this deal
AI
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.
On the Map
$18,400,000
$70/SF
Retail
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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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93