Dalan Management And Marcus Partners Acquire Office Property In Manhattan For $38M
FINANCED
$38,000,000
New York
See Similar DealsOffice29,757 SF
Financed 08/10/2018
FINANCED
Dalan Management And Marcus Partners Acquire Office Property In Manhattan For $38M
10 E 33rd St, New York, NY 10016, USA
See Similar DealsOffice29,757 SF
Financed 08/10/2018
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$1,277
Total Square Footage:29,757 SF
Transaction Type:Loan
Dalan Management and Marcus Partners have acquired an office property located at 10-12 E 33rd St in Manhattan, New York. The transaction, which took place on August 10, 2018, was valued at $38,000,000. The property is an office building situated in the Manhattan market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $38,000,000
- Address: 10-12 E 33rd St
- Market: Manhattan
Max Herzog, Marko Kazanjian, and Matt Fagella from JLL NY Capital Markets served as brokers for the deal, representing Dalan Management and Marcus Partners. Andrew Wrublin, Daniel Wrublin, Max Herzog, and Paul Marcus were involved in the transaction.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$38,000,000.00
Monthly NOI$253,333.33
Monthly Debt Service$240,185.85
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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