SL Green Realty Secures $423 Million Refinance Loan From Aareal Capital For 100 Park Avenue
100 Park Avenue
$423,000,000
$543/SF
Building Size
778,203 SF
Asset Type
Office
Closing
Dec 10, 2024
About this deal
AI
The office building located at 100 Park Avenue in the Grand Central area of Manhattan spans a total of 778,203 square feet. The property has recently undergone a refinancing process, resulting in a loan amount of $423 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $423,000,000
- Loan Type: Refinance
- Lender: Doug Traynor - Aareal Capital Corporation
- Landlord: Marc Holliday & Andrew S. Levine - SL Green Realty
- Closing Date: December 5, 2024
Marc Holliday and Andrew S. Levine represent SL Green Realty in this refinancing deal, which was facilitated by Doug Traynor of Aareal Capital Corporation. The transaction underscores the ongoing financial activities surrounding the commercial real estate sector in Manhattan.
On the Map
$423,000,000
$543/SF
Office
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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