Thomas Fuchsman & Solomon Birnbaum Represents Foremost Real Estate In $61M Office Loan Deal On West 25th St
127 W 25th St, New York, NY 10001, USA
$61,000,000
$8,236/SF
Building Size
7,406 SF
Asset Type
Office
Closing
Oct 27, 2019
About this deal
AI
The office property located at 127 West 25th Street in Chelsea has been involved in a closed transaction. The property was transacted on 10/28/2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $61,000,000
- Address: 127 West 25th Street
- Market: Chelsea
The loan for this transaction was provided by Bank of America, with a loan amount of $61,000,000. The loan terms are for a duration of 10 years, with an interest rate of 3.84%. The landlord in this transaction is Dan & Nati Shavolian of Foremost Real Estate. The landlord's representatives for this deal were Thomas Fuchsman and Solomon Birnbaum from FBRE Capital.
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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93