Natixis Lends $205M In Dumbo Office Deal With Newmark Knight Frank Brokers
10 Jay St, Brooklyn, NY 11201, USA
$205,000,000
$8,913/SF
Building Size
23,000 SF
Asset Type
Office
Closing
Jul 7, 2019
About this deal
AI
Glacier Global Partners and Triangle Assets have closed a deal on an office property located at 10 Jay Street in the Dumbo market. The transaction, which took place on 07/08/2019, involved a loan amount of $205,000,000 provided by natixis''>Natixis.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $205,000,000
- Address: 10 Jay Street, Dumbo
- Lender: Natixis
- Landlord: Glacier Global Partners and Triangle Assets
- Brokers: Dustin Stolly, Jordan Roeschlaub, Dylan Kane, Chris Kramer, and Nick Scribani @newmarkkf
This significant transaction involved the collaboration of key individuals and companies. The brokers responsible for the deal were Dustin Stolly, Jordan Roeschlaub, Dylan Kane, Chris Kramer, and Nick Scribani from Newmark Knight Frank.
On the Map
$205,000,000
$8,913/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93