Deutsche Bank Provides $215M Debt Loan For Manhattan Office Building At 1330 6th Ave
1330 6th Ave, Manhattan, New York, NY 10019 & 1330 Avenue of the Americas, New York, NY 10019
$215,000,000
$203/SF
Building Size
529,000 SF
Asset Type
Office
Closing
Nov 16, 2022
About this deal
AI
Located at 1330 6th Ave - 1330 Avenue of the Americas in Manhattan, this office building spans approximately 529,000 square feet. The transaction took place on November 16, 2022, with a loan amount of $215,000,000 provided by Deutsche Bank.
Summary of transation details
- Property Type: Office
- Transaction Amount: $215,000,000
- Address: 1330 6th Ave - 1330 Avenue of the Americas, Manhattan
- Market: Manhattan
- Asset Type: Office
- Square Footage: 529,000
The deal involved several key individuals and companies. The brokers representing the transaction were Rob Turner, Grant Frankel, and Adam Licari from Eastdil Secured and Meridian Capital Group. Elliott Kuntslinger and Drew Anderman also played a role in the deal. They facilitated the loan agreement for the buyer.
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
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93