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287 Park Ave S, New York, N...

Andrew Roos, Michael T. Cohen & Robert Getreu Refinance Office Property In Flatiron District For $34M - Apple Bank For Savings Loaned
FINANCEDOffice

Andrew Roos, Michael T. Cohen & Robert Getreu Refinance Office Property In Flatiron District For $34M - Apple Bank For Savings Loaned

287 Park Ave S, New York, NY 10010, USA

$105,000,000

$986/SF

Building Size

106,453 SF

Asset Type

Office

Closing

Nov 29, 2020

AI

Located at 120 East 23rd Street in the Flatiron District of Manhattan, this office property spans 200,757 square feet. The transaction involved a refinancing deal.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $34,000,000
  • Date: 10/27/2022
  • Lender: Apple Bank for Savings - Cynthia Wang
  • Landlord: Andrew Roos, Michael T. Cohen & Robert Getreu

The deal was facilitated by Cynthia Wang of Apple Bank for Savings as the lender. Andrew Roos, Michael T. Cohen, and Robert Getreu acted as the landlords in the transaction.

Players

Dustin Stolly

Walker & Dunlop

Broker

$49.4B

vol

267 deals

Broker
Bank of China
Bank of ChinaLender
Michael Cohen

Michael Cohen

JTRE

Landlord

$221.4M

vol

5 deals

Landlord

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93