Wharton Properties Secures $90M Loan For Retail Property At 747 Madison Avenue
747 Madison Ave, New York, NY 10065, USA
$90,000,000
$847/SF
Building Size
106,152 SF
Asset Type
Retail
Closing
Jun 19, 2019
About this deal
AI
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $90,000,000
- Address: 747 Madison Avenue
- Market: UES
- Lender: JPMorgan Chase
- Landlord: Wharton Properties
The retail loan at 747 Madison Ave, New York, NY 10065, USA in New York, New York financed for $90M in 2019. The building is 106,152 square feet, implying about 847 per square foot on the published price. Wharton Properties appears on the loan alongside Wharton Properties. This page is the New York, New York file for the 747 Madison Ave, New York, NY 10065, USA retail financed: pricing, party profiles, and other closed retail comps from the same New York sit in the Market section below. Filter that New York retail set by closing date to see what else financed near 747 Madison Ave, New York, NY 10065, USA around 2019. Published consideration for 747 Madison Ave, New York, NY 10065, USA is $90M, dated 2019. Cite this Wharton Properties Secures $90M Loan For Retail Property At 747 Madison Avenue loan when underwriting similar retail product around New York, New York.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93