SL Green Realty Secures $370M Loan For 932,587 SF Office In Financial District. Jesse Suchoff & Jeffrey Pascale - Credit Agricole, Aareal Capital, Helaba Provide Financing
100 Church Street, New York City, New York 10007, United States
$370,000,000
$396/SF
Building Size
932,587 SF
Asset Type
Office
Closing
Jul 5, 2022
AI
The property involved in the transaction is an office located at 100 Church Street in the Financial District. The office spans approximately 932,587 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $370,000,000
- Address: 100 Church Street
- Market: Financial District
- Loan: Jesse Suchoff & Jeffrey Pascale - Credit Agricole, Aareal Capital & helaba''>Helaba
- Landlord: Marc Holliday - SL Green Realty
The loan for this transaction was provided by Jesse Suchoff & Jeffrey Pascale through Credit Agricole, Aareal Capital, and Helaba. The landlord, Marc Holliday, represents SL Green Realty in the deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93