GFP Real Estate's 71 Thomas Street In TriBeCa Secures $23.3M Refinance Loan With Capital One
71 Thomas Street, New York City, New York 10013, United States
$23,300,000
$175/SF
Building Size
133,000 SF
Asset Type
Mixed-use
Closing
Feb 17, 2022
AI
Located at 71 Thomas Street in TriBeCa, this mixed-use property with a total area of 133,000 square feet recently underwent a refinancing transaction.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $23,300,000
- Address: 71 Thomas Street
- Market: TriBeCa
- Lender: Capital One
- Landlord: GFP Real Estate - Jeffrey Gural
- Broker: Paul Talbot - Newmark
- Loan Type: Refinance Loan
- Loan Terms: 2.56%, fixed-rate interest-only
Jeffrey Gural of GFP Real Estate and Paul Talbot of Newmark were the key individuals involved in this transaction. Capital One served as the lender for the refinance loan 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
0.68%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93