Deutsche Bank Provides $148.1M Loan For Office Building In East Village
FINANCED
$148,090,972
New York
See Similar DealsOffice251,288 SF
Financed 06/27/2022
FINANCED
Deutsche Bank Provides $148.1M Loan For Office Building In East Village
124 East 14th Street, New York City, New York 10003, United States
See Similar DealsOffice251,288 SF
Financed 06/27/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$589
Total Square Footage:251,288 SF
Transaction Type:Loan
Located in the East Village market, the property at 124 East 14th Street is a 251,288 square foot office space. The transaction took place on June 27, 2022, and involved a loan from Deutsche Bank to RAL Development Services for an amount of $148,090,972.
Summary of transation details
- Property Type: Office
- Transaction Amount: $148,090,972
- Address: 124 East 14th Street
- Market: East Village
The lender in this deal was Deutsche Bank, while the landlord represented RAL Development Services. Both Robert A. Levine and Spencer Levine were the individuals associated with the property, as seen in the provided image.
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Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$148,090,972.00
Monthly NOI$987,273.15
Monthly Debt Service$936,035.68
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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