Andrew Roos, Michael T. Cohen & Robert Getreu Refinance Office Property In Flatiron District For $34M - Apple Bank For Savings Loaned
FINANCED
$105,000,000
+ 1
New York
See Similar DealsOffice106,453 SF
Financed 11/30/2020
FINANCED
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
See Similar DealsOffice106,453 SF
Financed 11/30/2020
+ 1
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$986
Total Square Footage:106,453 SF
Transaction Type:Loan
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
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$105,000,000.00
Monthly NOI$700,000.00
Monthly Debt Service$663,671.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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