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

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FINANCED
$167,000,000
Geoff Goldstein
Alex Staikos
+ 1

New York

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Mixed-use146,000 SF
Financed 10/22/2021
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FINANCED

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

77 Greenwich Street, New York, NY 10006, USA

See Similar Deals
Mixed-use146,000 SF
Financed 10/22/2021
Geoff Goldstein
Alex Staikos
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$1,143
Total Square Footage:146,000 SF
Transaction Type:Loan

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
33 deals$4.5B volume
BROKER

Geoff Goldstein
JLL
55 deals$7.9B volume
BROKER

Steven (Steve) Klein
JLL
51 deals$3.9B volume(212) 632-1838
BROKER

Details

FINANCED
IMAGE: Geoff Goldstein, Matthew Messinger, Steve Klein, Jackie Hamilton & Alex Staikos DATE: 10/22/2021 ADDRESS: 77 Greenwich Street MARKET: Financial District, Manhattan ASSET TYPE: Mixed-used ~ SF: 146,000 ~ UNITS: 90 LENDER: Jackie Hamilton - Macquarie Capital LANDLORD: Matthew Messinger - Trinity Place Holdings (NYSE: TPHS) BROKERS: Geoff Goldstein, Steve Klein & Alex Staikos (@astaikos) - JLL (@JLL) LOAN AMOUNT: $167,000,000 LOAN TYPE: Refinance LOAN TERMS: Condominium Inventory Financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$167,000,000.00

Monthly NOI$1,113,333.33
Monthly Debt Service$1,055,553.60
Change in Cash Flow$0.00
Refinance Proceeds$0.00