Goldman Sachs Provides $103.8M Refinance Loan For Battery Park City Mixed-Use Property
325 North End Avenue, Manhattan, New York, NY, USA
$103,800,000
$291/SF
Building Size
356,483 SF
Asset Type
Mixed-use
Closing
Sep 1, 2021
About this deal
AI
Located at 325 North End Avenue in Battery Park City, this mixed-use property consists of 262 units. The property was recently involved in a refinancing transaction.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $103,800,000
- Address: 325 North End Avenue, Battery Park City
- Market: Battery Park City
- Lender: David Solomon - Goldman Sachs
- Landlord: Stephen Ross & Jeff Blau - Related Companies
- Loan Type: Refinance
The refinancing deal for this property was led by David Solomon from Goldman Sachs. Stephen Ross and Jeff Blau from Related Companies serve as the landlords of the property. The loan amount for the refinancing transaction is $103,800,000.
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93