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Jenel Real Estate Refinances The Haier Building In Midtown Manhattan For $23.8M
FINANCED
$23,800,000
New York
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Financed 01/02/2024
FINANCED
Jenel Real Estate Refinances The Haier Building In Midtown Manhattan For $23.8M
1356-1362 Broadway & 1362 Broadway
See Similar DealsOffice
Financed 01/02/2024
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
The Haier Building, also known as Gotham Hall, is a landmarked office building located at 1356-1362 Broadway in Bedford-Stuyvesant, Brooklyn. The property has been refinanced for $23,800,000 by Bank of America on behalf of Jenel Real Estate, the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $23,800,000
- Lender: Bank of America
- Landlord: Joseph Dushey - Jenel Real Estate
- Address: 1356-1362 Broadway
- Market: Bedford-Stuyvesant, Brooklyn
Jenel Real Estate, a New York City-based company, successfully secured the $23.8 million refinancing deal for The Haier Building with Bank of America. Joseph Dushey, representing Jenel Real Estate, played a key role in finalizing the transaction for this iconic office building in Midtown Manhattan.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$23,800,000.00
Monthly NOI$158,666.67
Monthly Debt Service$150,432.19
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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