Mesa West Capital Provides $404M Loan For Office Property At 32 Old Slip In New York City
32 Old Slip, New York, NY 10005, USA
$404,000,000
$347/SF
Building Size
1,161,435 SF
Asset Type
Office
Closing
Apr 11, 2019
About this deal
AI
The property involved in the transaction is an office located at 32 Old Slip. The loan amount for this transaction is $404 million, with a square footage of 1,161,435. The lender for this loan is Mesa West Capital, and the landlord is RXR Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $404 million
- Square Footage: 1,161,435
- Lender: Mesa West Capital
- Landlord: RXR Realty
- Brokers: NewmarkKF Capital Markets - Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Dylan Kane
The key individuals and companies involved in this deal are Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, and Dylan Kane from NewmarkKF Capital Markets. They represented the parties in this transaction, ensuring its successful completion.
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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93