Credit Suisse Provides $265M Loan For Retail And Office Assets In Battery Park City
225 Liberty Street, Manhattan, New York, NY, USA
$265,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 13, 2021
About this deal
AI
The property involved in this transaction is located at 225 Liberty Street, 200 Vesey Street, and 250 Vesey Street in Battery Park City. The asset includes retail and office spaces. The loan amount for this transaction is $265,000,000. The lender for this deal is Credit Suisse, and the landlord is Brookfield Properties.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: $265,000,000
- Address: 225 Liberty Street, 200 Vesey Street, and 250 Vesey Street
- Market: Battery Park City
- Lender: Credit Suisse
- Landlord: Brookfield Properties
The key individuals involved in this deal are Brian Kingston and Bruce Flatt. They represent the lender, Credit Suisse, and the landlord, Brookfield Properties, respectively.
On the Map
$265,000,000
Mixed-use
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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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93