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1100 3rd Avenue

Ben Ashkenazy & Dan Levy Refinance Retail Asset In New York City With $20.6M Loan From Bank Of Montreal - Meridian Capital Group
FINANCEDRetail

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

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

Ben Jacobs

Meridian Capital Group

Broker

$571.4M

vol

17 deals

Broker

Ben Ashkenazy

Ashkenazy Acquisition

Landlord

$721.3M

vol

16 deals

Landlord

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