Wells Fargo Provides $72M Loan For Office Building At 104 West 40th Street In Garment District
104 West 40th Street, Manhattan, New York, NY, USA
$72,000,000
$415/SF
Building Size
173,108 SF
Asset Type
Office
Closing
Jul 15, 2021
About this deal
AI
The office property located at 104 West 40th Street in the Garment District has recently undergone a closed transaction. The loan for this transaction was provided by Wells Fargo for a total amount of $72,000,000. The total square footage of the property is 173,108. The landlord of the property is Princeton International Properties, represented by David Tawfik.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $72,000,000
- Square Footage: 173,108
- Address: 104 West 40th Street
- Market: Garment District
Wells Fargo provided the loan for this property transaction. The landlord, Princeton International Properties, was represented by David Tawfik.
On the Map
$72,000,000
$415/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93