Pacific Oak Capital Advisors Secures $56.7M Loan For Manhattan Office Tower
110 William St New York, NY 10038, USA
$56,700,000
Building Size
—
Asset Type
Office
Closing
Jul 26, 2023
AI
Pacific Oak Capital Advisors secured a $56.7 million loan from Deutsche Pfandbriefbank AG for their Manhattan office tower located at 110 William St. The office property, situated in the Financial District (FiDi), successfully obtained financing from the lender.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $56,700,000
- Date: 07/26/2023
- Address: 110 William Street
- Market: Manhattan
The loan transaction was facilitated by Deutsche Pfandbriefbank AG, serving as the lender. Pacific Oak Capital Advisors, represented by Keith Hall and Peter Mcmillan, acted as both the landlord and owner of the office tower.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93