Ben Ashkenazy & Dan Levy Refinance Retail Asset In New York City With $20.6M Loan From Bank Of Montreal - Meridian Capital Group
1100 3rd Avenue
$20,600,000
Building Size
—
Asset Type
Retail
Closing
Dec 22, 2022
AI
The property involved in this transaction is a retail asset located at 1100 3rd Avenue in New York City. The deal, which took place on December 22, 2022, centered around a loan refinancing.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $20,600,000
- Market: New York City
- Lender: Bank of Montreal
- Landlord: Ben Ashkenazy & Dan Levy
- Brokers: Ronnie Levine, Ben Jacobs, & AJ Bruno - Meridian Capital Group
The loan refinancing was facilitated by the Bank of Montreal. The property's landlords, Ben Ashkenazy and Dan Levy, oversaw the deal. The transaction was represented by Ronnie Levine, Ben Jacobs, and AJ Bruno from Meridian Capital Group. For further information about Meridian's services, interested parties can contact Ben Jacobs at 212-612-0202 or [email protected].
Players
Saskatoon 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
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93