USAA Real Estate, PGGM & The Dermot Company Refinances Multifamily Property In Hudson Yards For $150M
FINANCED
$150,000,000
New York
See Similar DealsMultiFamily249,332 SF
Financed 07/29/2022
FINANCED
USAA Real Estate, PGGM & The Dermot Company Refinances Multifamily Property In Hudson Yards For $150M
520 West 43rd Street
See Similar DealsMultiFamily249,332 SF
Financed 07/29/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$601
Total Square Footage:249,332 SF
Transaction Type:Loan
520 W. 43rd St., located in the Hudson Yards neighborhood of Midtown West, is a multifamily property with 249,332 square feet and 370 units. The property was involved in a refinance transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $150,000,000
- Address: 520 W. 43rd St.
- Market: Hudson Yards, Midtown West
- Square Footage: 249,332
- Units: 370
Cushman & Wakefield represented various parties in the deal. Gideon Gil, Kempton Coady, and Zachary Kraft from Cushman & Wakefield served as the brokers in the transaction, representing the interests of the lender, Helaba, and the landlord, USAA Real Estate, PGGM, and The Dermot Company.
Players
LENDER
LENDER
LANDLORD
LANDLORD
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Lenders
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$150,000,000.00
Monthly NOI$1,000,000.00
Monthly Debt Service$948,102.04
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions