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
About this deal
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.
On the Map
$167,000,000
$1,143/SF
Mixed-use
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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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93