New York State Common Retirement Fund Provides $400M Loan For Bergdorfs & Goodmans At 742-754 Fifth Avenue
FINANCED
$400,000,000
New York
See Similar DealsRetail211,669 SF
Financed 03/20/2020
FINANCED
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
See Similar DealsRetail211,669 SF
Financed 03/20/2020
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,889
Total Square Footage:211,669 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$400,000,000.00
Monthly NOI$2,666,666.67
Monthly Debt Service$2,528,272.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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