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GHP Office Realty Acquires 280,000 SF Office Building In Tarrytown For $31M

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FINANCED
$31,000,000
John Martin
Elizabeth Smith
+ 2

National

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Office280,000 SF
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FINANCED

GHP Office Realty Acquires 280,000 SF Office Building In Tarrytown For $31M

660 White Plains Rd, Greenburgh, NY 10591, USA

See Similar Deals
Office280,000 SF
John Martin
Elizabeth Smith
+ 2
Contact now

Summary

Asset Type:Office
Price Per Square Foot:$110
Total Square Footage:280,000 SF
Transaction Type:Loan

The office building located at 660 White Plains Rd in Tarrytown has been involved in a closed property transaction. The property spans 280,000 square feet and is owned by GHP Office Realty, Houlihan-Parnes Realtors, and RD Management. The deal was facilitated by brokers Rachel Greenspan, Bryan Houlihan, and Christie Houlihan from Houlihan-Parnes Realtors, along with Elizabeth Smith from Goldberg Weprin Finkel. The transaction involved a loan amount of $31,000,000 with a 10-year fixed interest rate.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $31,000,000
  • Address: 660 White Plains Rd
  • Market: Tarrytown
  • Landlord: GHP Office Realty, Houlihan-Parnes Realtors, RD Management
  • Brokers: Rachel Greenspan, Bryan Houlihan, and Christie Houlihan – Houlihan-Parnes Realtors, Elizabeth Smith – Goldberg Weprin Finkel
  • Loan Terms: 10-year, fixed interest rate
  • Square Footage: 280,000

The transaction involved the collaboration of key individuals, including the brokers mentioned before. They played a crucial role in facilitating the deal between the landlords and the undisclosed parties involved in the transaction. The office building at 660 White Plains Rd in Tarrytown has undergone a successful closed property transaction, with the loan terms offering a 10-year fixed interest rate.

Players

2 deals$31M volume(914) 641-4344
BROKER


Christie Houlihan
3 deals$40.4M volume
BROKER

John Martin
4 deals$145.8M volume
BROKER

Rachel Greenspan
2 deals$31M volume
BROKER

RD Management
LANDLORD

Details

FINANCED
IMAGE: Christie Houlihan & Bryan Houlihan DATE: 05/13/2020 ADDRESS: 660 White Plains Rd MARKET: Tarrytown ASSET TYPE: Office LANDLORD: GHP Office Realty (@GHP_Office), Houlihan-Parnes Realtors, RD Management BROKERS: Rachel Greenspan, Bryan Houlihan & Christie Houlihan – Houlihan-Parnes Realtors, Elizabeth Smith – Goldberg Weprin Finkel […] LOAN AMOUNT: $31,000,000 LOAN TERMS: 10-year, fixed interest rate SF: 280,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$31,000,000.00

Monthly NOI$206,666.67
Monthly Debt Service$195,941.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00