New York State Common Retirement Fund Provides $400M Loan For Bergdorfs & Goodmans At 742-754 Fifth Avenue
742 5th Ave, New York, NY 10019, USA
$400,000,000
$1,889/SF
Building Size
211,669 SF
Asset Type
Retail
Closing
Mar 19, 2020
About this deal
AI
The retail property located at 742-754 Fifth Avenue in the Plaza District was involved in a closed transaction. The property, which is owned by the Goodman family, has a total square footage of 211,669. The transaction involved a loan from the New York State Common Retirement Fund in the amount of $400,000,000.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $400,000,000
- Address: 742-754 Fifth Avenue
- Market: Plaza District
The lender in this transaction was the New York State Common Retirement Fund. The landlord of the property is the Goodman family.
On the Map
$400,000,000
$1,889/SF
Retail
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Players
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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