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Northwood Investors Acquires 1180 Sixth Avenue In Manhattan For $305M

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FINANCED
$236,600,000

New York

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Office327,766 SF
Financed 02/16/2018
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Property Image
FINANCED

Northwood Investors Acquires 1180 Sixth Avenue In Manhattan For $305M

1180 Avenue of the Americas, New York, NY 10036

See Similar Deals
Office327,766 SF
Financed 02/16/2018
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$721
Total Square Footage:327,766 SF
Transaction Type:Loan

Northwood Investors, led by John Kukral, has closed on the $305 million purchase of the property located at 1180 Sixth Avenue in Manhattan, New York. The building is owned by Northwood Investors and stands as a valuable asset in the market.

Summary of transation details

  • Property Type: Not specified
  • Transaction Amount: $305 million
  • Landlord: Northwood Investors - John Kukral

The loan used for this transaction was provided by the Royal Bank of Canada, with CEO David McKay overseeing the process. In arranging the deal, NKF Capital Markets, represented by Jordan Roeschlaub and Dustin Stolly, played a significant role in facilitating the transaction.

Jordan Roeschlaub, a representative from NKF Capital Markets, brings 10 years of experience in real estate investment banking. He has executed over $15.0 billion worth of capital markets transactions, becoming the top producing debt and equity finance professional for NKF nationally in both 2017 and 2016.

For more information, visit the Instagram post shared by Jordan Roeschlaub at this link.

Players

Dustin Stolly
264 deals$49.1B volume
BROKER

Royal Bank of Canada
LENDER

Details

FINANCED
IMAGE: David McKay, Jordan Roeschlaub @jordyroeschlaub , Dustin Stolly and John Kukral DATE: Fefruary 16, 2018 ADDRESS: 1180 Sixth Avenue, Manhattan, NY LANDLORD: Northwood Investors - John Kukral LENDER: Royal Bank of Canada @rbc - CEO David McKay BROKER: NKF Capital Markets ( @newmarkkf ) - Jordan Roeschlaub and Dustin Stolly AMOUNT: $236.6M NOTE: Northwood closed Thursday on the $305 million purchase of 1180 Sixth Avenue. ______________ ______________ ______________ ______________ BIOS: @jordyroeschlaub has 10 years of real estate investment banking experience and has executed on more than $15.0 billion of capital markets transactions. In 2017 and 2016, Mr. Roeschlaub was the top producing debt and equity finance professional nationally for NKF.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$236,600,000.00

Monthly NOI$1,577,333.33
Monthly Debt Service$1,495,472.94
Change in Cash Flow$0.00
Refinance Proceeds$0.00