Natixis Lends $205M In Dumbo Office Deal With Newmark Knight Frank Brokers
FINANCED
$205,000,000
+ 2
New York
See Similar DealsOffice23,000 SF
Financed 07/08/2019
FINANCED
Natixis Lends $205M In Dumbo Office Deal With Newmark Knight Frank Brokers
10 Jay St, Brooklyn, NY 11201, USA
See Similar DealsOffice23,000 SF
Financed 07/08/2019
+ 2
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$8,913
Total Square Footage:23,000 SF
Transaction Type:Loan
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.
Players
LENDER
LANDLORD
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$205,000,000.00
Monthly NOI$1,366,666.67
Monthly Debt Service$1,295,739.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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