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Bank Of America Provides $93M Loan For Office Building At 890 Garrison Avenue In Bronx, Hunts Point

890 Garrison Avenue
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This Office property located in NY received a loan of $93,000,000 over 4 years ago. The brokers of the deal were Michael Rotchford and David Heller

The office property located at 890 Garrison Avenue in Bronx, Hunts Point has been involved in a closed transaction. The property spans across 405,000 square feet. The lender for this transaction was Bank of America, providing a loan amount of $93,000,000. The landlords involved in this deal are iStar/Safehold and Madison Marquette. The brokers representing this transaction were Michael Rotchford and David Heller from Savills.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $93,000,000
  • Square Footage: 405,000
  • Lender: Bank of America
  • Landlords: iStar/Safehold, Madison Marquette
  • Brokers: Savills - Michael Rotchford & David Heller

Additional details regarding this transaction are not available.

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Deals
  • Location
    890 Garrison Ave, The Bronx, NY 10474, USA890 Garrison Ave, The Bronx, NY 10474, USA
  • Loan Value
    $93,000,000$93,000,000
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Michael Rotchford

Michael Rotchford

Deals2
Financed$93M

David Heller

David Heller

Deals3
Financed$155M

Agency

Savills

Savills

Agency
Deals137
Volume$2.7B

Bank of America

Bank of America

Lender
Deals85
Volume$ 1.4T

Deal Summary

IMAGE: Jay Sugarman DATE: 08/31/2019 ADDRESS: 890 Garrison Avenue MARKET: Bronx, Hunts Point ASSET TYPE: Office LENDER: @BankofAmerica LANDLORD: iStar/Safehold, Madison Marquette BROKERS: Savills. – Michael Rotchford & David Heller LOAN AMOUNT: $93,000,000 SF: 405,000

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890 Garrison Avenue

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