Deutsche Bank Provides $131.5M Loan For Mixed-Use Property In Financial District
1 West Street, Financial District, New York, NY 10014, USA
$131,500,000
$263,000/SF
Building Size
500 SF
Asset Type
Mixed-use
Closing
Jul 30, 2020
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 1 West Street in the Financial District. The loan amount secured for this property is $131,500,000, sourced from Deutsche Bank. The landlord of this property is The Moinian Group.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $131,500,000
- Address: 1 West Street
- Market: Financial District
- Lender: Deutsche Bank
- Landlord: The Moinian Group
The key individuals involved in this transaction include Mitchell Moinian and Joseph Moinian. Both are representatives associated with The Moinian Group, playing a crucial role in this deal.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93