Bank of America - Staten Island, NY
3881 Richmond Ave, Staten Island, NY, 10312-3840, US
5 752 000 $ | 324 mètres carrés
Description de l'actif
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange
the sale of a $1.9 million non-performing retail loan (the “Note” or “Loan”). The Loan is
secured by the mortgage on the fee-simple interest in the ground floor retail condominium
unit of a 16-story building located in the Lower East Side submarket of Manhattan (the
“Property” or “Collateral”). As of October 2024, the Loan is non-performing due to a
payment and maturity default in August 2023.
Constructed in 1900 and renovated in 2003, the Property consists of 1,895 square feet of
ground floor retail space. The Property is 100% occupied to a single tenant as of February
2024 and is situated along a high-trafficked street. The remainder of the building, which
includes floors two through 16, features residential condominiums.
The offering presents investors the opportunity to acquire the Loan at a favorable basis,
significantly below replacement cost, with a path to ownership on a retail Property.
...
Attributs
Solde du principal non payé
2 718 695 $
Occupation
100 %
Année de construction
1900
Année de rénovation
2003
Superficie locative
176 mètres carrés
Zonage
C6-1
Appel d'offres
2024-12-02
Média
Points forts de l'investissement
Path to Ownership:
The non-performing Loan provides investors the ability to potentially step into the ownership position of a fully occupied retail property at an attractive basis.
Vibrant Neighborhood:
Situated in the Lower East Side, the Property is located in a vibrant neighborhood with an eclectic mix of bars, restaurants, parks, and retailers. With a walk score of 100/100, the Property has great exposure and is ideally positioned to attract the high volume of foot traffic amongst the predominantly young professionals and retirees that reside there.
Convenient Transit-Oriented Accessibility:
The Property is situated within a four-block radius of four subway stations that service the 4, 6, B, D, F, J, M, and Z lines. Through these lines, the Property is easily accessible from throughout to the four boroughs of the Bronx, Manhattan, Queens, and Brooklyn.
In-Place Cash Flow:
The Property is currently 100% occupied by a preeminent art gallery, generating stable cash flow.
Contactez les courtiers
$1.9 Million Non-Performing Retail Loan | Manhattan, NY | Ten-X Auction (0 Propriétés)
JLL peut vous aider à financer et à gérer votre portefeuille. Envoyez-nous un courriel aujourd'hui pour voir comment nous pouvons vous aider à réaliser vos ambitions.
Dernière mise à jour
29 oct. 2024
