Related Secures $160M Loan For Rental Property In TriBeCa
34 Desbrosses Street, New York, NY 10013, USA
$160,000,000
$4,341/SF
Building Size
36,858 SF
Asset Type
—
Closing
Jan 31, 2019
About this deal
AI
The Truffles TriBeCa rental property located at 34 Desbrosses St. in TriBeCa has recently secured a loan. The loan, which was finalized on February 1, 2019, amounts to $160 million. The lenders involved in this transaction are J.P. Morgan and Landesbank Baden-Württemberg, while the landlord is Related.
Summary of transaction details
- Property Type: Rental
- Transaction Amount: $160M
- Address: 34 Desbrosses St. (Truffles TriBeCa)
- Market: TriBeCa
The deal was facilitated by Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani, and Josh Egert from Newmark Knight Frank. They acted as brokers in this transaction, representing the parties involved. Additional details regarding the property or individuals were not provided in the context.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
Loading comparables…
Deal FAQ
Visit Dustin Stolly to view all their deals.
Browse New York loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93