FINANCEDOffice
Goldman Sachs Loans $45M For 141,759 SF Office In Central Harlem With BLDG Management As Landlord
105 West 125th Street, Manhattan, New York, NY, USA
$45,000,000
$317/SF
Building Size
141,759 SF
Asset Type
Office
Closing
May 17, 2021
AI
The property involved in this transaction is an office space located at 105 West 125th Street in Central Harlem. The property spans approximately 141,759 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,000,000
- Date: 05/18/2021
- Lender: Goldman Sachs
- Landlord: BLDG Management - Lloyd Goldman
This deal was made possible through a loan provided by Goldman Sachs. The landlord for the property is BLDG Management, represented by Lloyd Goldman.
Players
Goldman SachsLender
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93