Tribeca Associates And Vanke Refinance Office Tower In Manhattan With United Overseas Bank As Lender
130 W 42nd St, New York, NY 10036, USA & 130 W 42nd St, New York, NY 10036, USA
$120,000,000
$214/SF
Building Size
342,330 SF
Asset Type
Office
Closing
May 2, 2018
About this deal
AI
An office tower located at 130 West 42nd Street in Manhattan, New York, has been refinanced. The property is owned by Tribeca Associates, represented by Mark Gordon, and Vanke, represented by Wang Shi. The lender for this transaction is United Overseas Bank with Wee Ee Cheong as the representative.
Summary of transaction details:
- Property Type: Office Tower
- Transaction Amount: Not specified
- Address: 130 West 42nd Street, New York
- Market: Manhattan
JLL's Aaron Appel, Brett Rosenberg, and Adam Schwartz served as the brokers for this deal.
Players
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93