Goldman Sachs Provides $386M Loan For Residential Property At 70 Pine Street In Financial District
FINANCED
$386,000,000
New York
See Similar DealsCo-Op100,000 SF
Financed 09/24/2019
FINANCED
Goldman Sachs Provides $386M Loan For Residential Property At 70 Pine Street In Financial District
70 Pine Street, Pine Street, New York, NY 10005, USA
See Similar DealsCo-Op100,000 SF
Financed 09/24/2019
Summary
NEW YORK
Asset Type:Co-Op
Price Per Square Foot:$3,860
Total Square Footage:100,000 SF
Transaction Type:Loan
The property involved in this closed transaction is a residential asset located at 70 Pine Street in the Financial District. The transaction took place on September 24, 2019.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $386,000,000
- Address: 70 Pine Street
- Market: Financial District
The loan for this transaction was provided by Goldman Sachs. The landlord of the property is DTH Capital and Rose Associates. JLL represented the transaction with Christopher Peck, Geoff Goldstein, and Kristen Knapp acting as brokers.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$386,000,000.00
Monthly NOI$2,573,333.33
Monthly Debt Service$2,439,782.57
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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