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1180 Avenue of the Americas...

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

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

1180 Avenue of the Americas, New York, NY 10036

$236,600,000

$721/SF

Building Size

327,766 SF

Asset Type

Office

Closing

Feb 15, 2018

AI

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

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Royal Bank of Canada
Royal Bank of CanadaLender

John Kukral

Northwood Investors

Landlord

$466.6M

vol

6 deals

Landlord

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93