First Republic Bank Provides $75M Loan For Commercial Condo At 60 Columbus Circle
60 Columbus Circle
$75,000,000
$155/SF
Building Size
482,590 SF
Asset Type
—
Closing
Jun 25, 2020
About this deal
AI
The commercial condo located at 60 Columbus Circle in Lincoln Square has recently been involved in a loan transaction. The loan was provided by First Republic Bank, with a loan amount of $75,000,000. The property is owned by @RelatedCos.
Summary of transaction details
- Property Type: Commercial Condo
- Transaction Amount: $75,000,000
- Date: 06/25/2020
- Address: 60 Columbus Circle
- Market: Lincoln Square
Stephen Ross & Jeff Blau, representing @RelatedCos, were involved in securing the loan from First Republic Bank for the commercial condo located at 60 Columbus Circle in Lincoln Square.
On the Map
$75,000,000
$155/SF
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Players
New York CRE Market Snapshot
Boundary boundary · CRE · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93