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
$386,000,000
$3,860/SF
Building Size
100,000 SF
Asset Type
Co-Op
Closing
Sep 23, 2019
About this deal
AI
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.
On the Map
$386,000,000
$3,860/SF
Co-Op
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Players
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93