Global Holdings Management Group Acquires $40 Million Note From HSBC Bank For 545 8th Avenue
545 8th Avenue
$40,000,000
Building Size
—
Asset Type
Note / Loan
Closing
Sep 15, 2026
About this deal
AI
The transaction involves a note secured by a 166,874-square-foot office building located at 545 8th Avenue in Manhattan’s Garment District. The asset was purchased for $40 million.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $40,000,000
- Buyer: Global Holdings Management Group
- Seller: HSBC Bank
- Address: 545 8th Avenue
- Market: Garment District, Manhattan
Global Holdings Management Group acquired the note from HSBC Bank, marking a significant transaction in the New York real estate market.
The note / loan sale at 545 8th Avenue in Avenue, New York sold for $40M in 2026. 545 8th Avenue is classified as Note / Loan on Traded. This page is the Avenue, New York file for the 545 8th Avenue note / loan sold: pricing, party profiles, and other closed note / loan comps from the same Avenue sit in the Market section below. Filter that Avenue note / loan set by closing date to see what else sold near 545 8th Avenue around 2026. Published consideration for 545 8th Avenue is $40M, dated 2026. Cite this Global Holdings Management Group Acquires $40 Million Note From HSBC Bank For 545 8th Avenue sale when underwriting similar note / loan product around Avenue, New York.
On the Map
$40,000,000
Note / Loan
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Players
Avenue Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93