Deutsche Bank Provides $294M Loan For Condominium At 550 Washington St
550 Washington St, New York, NY 10014, USA
$294,000,000
$1,376/SF
Building Size
213,650 SF
Asset Type
Condo
Closing
Nov 13, 2019
About this deal
AI
550 Washington St is a condominium property located in an undisclosed location. The property was involved in a closed transaction on 11/13/2019. The asset type is a condominium. The property is owned by Oxford Properties Group, while the lender for the transaction was Deutsche Bank. The loan amount for the transaction was $294,000,000.
Summary of transaction details
- Property Type: Condominium
- Transaction Amount: $294,000,000
- Lender: Deutsche Bank
- Landlord: Oxford Properties Group
Blake Hutcheson and Christian Sewing were involved in the transaction, representing their respective agencies. No additional information is available regarding the deal's key individuals and companies.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Loan transactions
Loading comparables…
Deal FAQ
Visit Oxford Properties Group to view all their deals.
Browse New York condo loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93