Ullico Refinances Office Building In Bronx For $77M: 1250 Waters Place
1250 Waters Pl, The Bronx, New York 10461, United States
$77,000,000
$272/SF
Building Size
282,590 SF
Asset Type
Office
Closing
Apr 28, 2022
About this deal
AI
The property involved in this closed transaction is an office located at 1250 Waters Place in the Bronx. With a total square footage of 282,590, the property is owned by Simone Development. The transaction took place on 04/29/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $77,000,000
- Market: Bronx
- Lender: Ullico
- Loan Type: Refinance
The loan for this transaction was provided by Ullico. Richard Horowitz & Justin Horowitz from Cooper Horowitz, LLC acted as brokers in the deal.
Players
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93