New York Community Bank Provides $26.7M Loan For Parkoff Organization's Office Property At 661 Lexington Avenue In Plaza District
661 Lexington Avenue, Davie, FL, USA
$26,668,792
$753/SF
Building Size
35,408 SF
Asset Type
Office
Closing
Mar 4, 2021
About this deal
AI
The Parkoff Organization, a landlord in the Plaza District, has secured a loan of $26,668,792 from New York Community Bank for a commercial property located at 661 Lexington Avenue. The property, an office space, spans 35,408 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,668,792
- Address: 661 Lexington Avenue
- Market: Plaza District
- Lender: New York Community Bank
- Landlord: Parkoff Organization
- Square Footage: 35,408 SF
The Parkoff Organization, represented by Adam Parkoff & Thomas R Cangemi, successfully secured a loan from New York Community Bank to finance the office space at 661 Lexington Avenue in the Plaza District.
On the Map
$26,668,792
$753/SF
Office
View full map
Players
Davie Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse Florida office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93