Apple Bank For Savings Refinances Office Property In Flatiron District, Manhattan For $20M
345 Park Ave S, New York, NY 10010, USA
$540,000,000
$20,797/SF
Building Size
25,965 SF
Asset Type
Office
Closing
Sep 4, 2019
AI
The office property located at 104 East 25th Street in the Flatiron District of Manhattan has been involved in a loan transaction. The property spans across 114,146 square feet and is categorized as an office space. The loan is a refinancing deal worth $20,000,000.
Summary of Transation Details
- Property Type: Office
- Transaction Amount: $20,000,000
- Address: 104 East 25th Street
- Market: Flatiron District, Manhattan
- Square Footage: 114,146
Apple Bank for Savings provided the loan for this refinancing deal. The landlord of the property is Robert Getreu.
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
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93