SLGreen Realty Secures $360M Loan For Office Building At 100 Park Avenue In Midtown
FINANCED
$360,000,000
+ 3
New York
See Similar DealsOffice903,000 SF
Financed
FINANCED
SLGreen Realty Secures $360M Loan For Office Building At 100 Park Avenue In Midtown
100 Park Avenue, Manhattan, New York, NY, USA
See Similar DealsOffice903,000 SF
Financed
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$398
Total Square Footage:903000 SF
Transaction Type:Loan
A loan in the amount of $360M has been secured for an office property located at 100 Park Avenue in Midtown. The property spans across 903,000 square feet and is owned by @SLGreen_Realty. The lender for this transaction is Aareal Capital Corporation.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $360M
- Address: 100 Park Avenue
- Market: Midtown
- Lender: Aareal Capital Corporation
- Landlord: @SLGreen_Realty
The brokers involved in this deal are Steve Kohn, Alexander Hernandez, Adam Spies, Kevin Donner, Alex Lapidus, and Meredith Donovan from Cushman & Wakefield.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$360,000,000.00
Monthly NOI$2,400,000.00
Monthly Debt Service$2,275,444.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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