Apple Bank For Savings Provides $84M Refinance Loan For Office Property On Sixth Avenue, Midtown Manhattan
FINANCED
$84,000,000
New York
See Similar DealsOffice1,962,900 SF
Financed
FINANCED
Apple Bank For Savings Provides $84M Refinance Loan For Office Property On Sixth Avenue, Midtown Manhattan
1271 6th Avenue, Manhattan, New York, NY, USA
See Similar DealsOffice1,962,900 SF
Financed
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$42
Total Square Footage:1962900 SF
Transaction Type:Loan
The property involved in this closed transaction is an office located at 1271 Sixth Avenue in Midtown. The property is owned by Daniel J. Moore, who is represented by Rockefeller Group. The transaction took place on 10/01/2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $84,000,000
- Market: Midtown
- Address: 1271 Sixth Avenue
- Lender: Apple Bank for Savings
- Landlord: Daniel J. Moore - Rockefeller Group
- Loan Type: Refinance
The loan for this transaction was provided by Apple Bank for Savings. The refinance loan amount was $84,000,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$84,000,000.00
Monthly NOI$560,000.00
Monthly Debt Service$530,937.14
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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