Marc Holliday Of SL Green Acquires $78 Million Loan Secured By Office Building At 551 Madison Avenue
551 Madison Avenue
$78,000,000
Building Size
—
Asset Type
Note / Loan
Closing
Mar 31, 2026
AI
The transaction involves a note/loan secured by Lexin Capital's office building located at 551 Madison Avenue in Midtown East, covering a total area of 125,495 square feet. The loan, which was purchased for $78 million, highlights the financial activity linked to this notable asset in the market.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $78,000,000
- Buyer: Marc Holliday
- Buyer’s Company: SL Green
- Seller: Deutsche Pfandbriefbank AG
- Address: 551 Madison Avenue
- Market: Midtown East
Marc Holliday, representing SL Green, acquired the loan from Deutsche Pfandbriefbank AG, emphasizing the strategic investments made in the New York office market.
Players
Madison Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93