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77 Greenwich Street, New Yo...

Trinity Place Holdings Refinances Mixed-Use Property At 77 Greenwich Street For $167M
FINANCEDMixed-use

Trinity Place Holdings Refinances Mixed-Use Property At 77 Greenwich Street For $167M

77 Greenwich Street, New York, NY 10006, USA

$167,000,000

$1,143/SF

Building Size

146,000 SF

Asset Type

Mixed-use

Closing

Oct 22, 2021

AI

The mixed-used property located at 77 Greenwich Street in the Financial District of Manhattan has recently undergone a closed transaction. The property spans approximately 146,000 square feet and consists of 90 units.

Summary of transaction details

  • Property Type: Mixed-used
  • Transaction Amount: $167,000,000
  • Address: 77 Greenwich Street
  • Market: Financial District, Manhattan
  • Square Footage: 146,000
  • Units: 90
  • Lender: Jackie Hamilton from Macquarie Capital
  • Landlord: Matthew Messinger from Trinity Place Holdings (NYSE: TPHS)
  • Brokers: Geoff Goldstein, Steve Klein, and Alex Staikos from JLL
  • Loan Type: Refinance
  • Loan Terms: Condominium Inventory Financing

The deal was facilitated by Jackie Hamilton from Macquarie Capital, who provided a loan amount of $167,000,000 for the refinance. Matthew Messinger, the landlord from Trinity Place Holdings (NYSE: TPHS), was involved in the transaction. The brokerage team from JLL, consisting of Geoff Goldstein, Steve Klein, and Alex Staikos, represented the parties in the deal.

Players

Alex Staikos

JLL

Broker

$5.7B

vol

38 deals

Broker

Matthew Messinger

Trinity Place Holdings

Landlord

$323.8M

vol

3 deals

Landlord

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

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93