Rockefeller Group Secures $202.5M Loan From Sumitomo Mitsui Trust Bank
30 E 29th St, New York, NY 10016, USA
$202,500,000
$894/SF
Building Size
226,350 SF
Asset Type
—
Closing
Oct 2, 2018
About this deal
AI
The property involved in this transaction is a new development condominium located at 30-36 E. 29th St in the NoMad neighborhood of New York. The transaction took place on 10/03/2018.
Summary of transaction details
- Property Type: New Dev Condo
- Transaction Amount: $202.5M
- Lender: Sumitomo Mitsui Trust Bank
- Landlord: The Rockefeller Group
The loan amount for this transaction was $202.5M and Sumitomo Mitsui Trust Bank served as the lender. The Rockefeller Group acted as the landlord in this deal. The Chairman of Sumitomo Mitsui, Hitoshi Tsunekage, and the CEO of Rockefeller, Daniel Moore, were present during the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93