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10 Jay St, Brooklyn, NY 112...

Natixis Lends $205M In Dumbo Office Deal With Newmark Knight Frank Brokers
FINANCEDOffice

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

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

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.

Players

Dustin Stolly

Walker & Dunlop

Broker

$51.1B

vol

273 deals

Broker
Natixis
NatixisLender
Glacier Global Partners
Glacier Global PartnersLandlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

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