MetLife Provides $140M Loan For Office Building At 10 Grand Central
Grand Central Terminal, 89 E 42nd St, New York, NY 10017, USA
$140,000,000
$322/SF
Building Size
434,000 SF
Asset Type
Office
Closing
Jul 30, 2019
About this deal
AI
The office property located at 10 Grand Central in Grant Central has undergone a closed transaction. The property, spanning 434,000 square feet, was part of a deal involving various parties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $140,000,000
- Lender: MetLife
- Landlord: Marx Realty
- Brokers: @CushWake
The loan for the transaction was provided by MetLife, while Marx Realty acted as the landlord. @CushWake served as the brokers in the deal. Additional details regarding the property and individuals involved were not provided.
Players
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Boundary boundary · Office · Loan transactions
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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