Updated Mar 11, 2025
USAA Real Estate, PGGM & The Dermot Company Refinances Multifamily Property In Hudson Yards For $150M
520 West 43rd Street
$150,000,000
$601/SF
Building Size
249,332 SF
Asset Type
MultiFamily
Closing
Jul 29, 2022
About this deal
AI
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.
On the Map
$150,000,000
$601/SF
MultiFamily
View full map
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Kempton Coady to view all their deals.
Browse Chicago multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93