JP Morgan Provides $754M Refinance Loan For Mixed-Use Aman Hotel At 730 Fifth Avenue In Plaza District
730 5th Avenue
$754,000,000
$2,408,945/SF
Building Size
313 SF
Asset Type
Mixed-use
Closing
Oct 6, 2022
About this deal
AI
The Aman Hotel located at 730 Fifth Avenue in the Plaza District has recently undergone a significant financial transaction. The mixed-use property spans over 313,000 square feet and includes various amenities and spaces.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $754,000,000
- Loan Type: Refinance
The loan for this transaction was provided by JP Morgan, with Aaron Casden representing the lender. The landlord of the property is OKO Group. The brokerage firm Walker & Dunlop played a role in facilitating the deal, with Jonathan Schwartz, Aaron Appel, Keith Kurland, and Adam Schwartz acting as brokers.
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93