Fortress Investment Group Refinances Office Building On East Houston Street In Lower East Side For $79.6M
139 East Houston Street, New York City, New York 10002, United States
$79,600,000
$1,170/SF
Building Size
68,000 SF
Asset Type
Office
Closing
Apr 7, 2022
About this deal
AI
The property involved in this transaction is an office space located at 139 East Houston Street in the Lower East Side. The property spans approximately 68,000 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $79,600,000
- Lender: Fortress Investment Group
- Landlord: East End Capital
- Loan Type: Refinance
The lender in this transaction is Fortress Investment Group. The landlord involved is East End Capital. The loan amount for the refinance is $79,600,000.
The office loan at 139 East Houston Street, New York City, New York 10002, United States in New York, New York financed for $79.6M in 2022. The building is 68,000 square feet, implying about 1.2K per square foot on the published price. This page is the New York, New York file for the 139 East Houston Street, New York City, New York 10002, United States office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 139 East Houston Street, New York City, New York 10002, United States around 2022. Published consideration for 139 East Houston Street, New York City, New York 10002, United States is $79.6M, dated 2022. Cite this Fortress Investment Group Refinances Office Building On East Houston Street In Lower East Side For $79.6M loan when underwriting similar office product around New York, New York.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93