Brookfield, China Investment Corporation & AEW Lend $835M For Office At 1 New York Plaza
FINANCED
$835,000,000
New York
See Similar DealsOffice2,600,000 SF
Financed 12/21/2020
FINANCED
Brookfield, China Investment Corporation & AEW Lend $835M For Office At 1 New York Plaza
One New York Plaza, Whitehall Street, New York, NY, USA
See Similar DealsOffice2,600,000 SF
Financed 12/21/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$321
Total Square Footage:2,600,000 SF
Transaction Type:Loan
The property involved in the transaction is an office space located at 1 New York Plaza in the Financial District. The transaction took place on 12/21/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $835M
- Square Footage: 2.6M
- Address: 1 New York Plaza
- Market: Financial District
The lenders involved in the transaction were Brookfield Properties, China Investment Corporation, and AEW. The landlords were Wells Fargo, Goldman Sachs, and BMO Harris Bank.
The anchor tenant for this office space is Morgan Stanley.
Players
LENDER
LENDER
LENDER
LANDLORD
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$835,000,000.00
Monthly NOI$5,566,666.67
Monthly Debt Service$5,277,768.00
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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