Deutsche Bank Provides $285M Refinance Loan For Lower East Side Office Property
145 Delancey Street, New York City, New York 10002, United States
$285,000,000
$773/SF
Building Size
368,420 SF
Asset Type
Office
Closing
Jun 6, 2022
AI
The office building located at 145 & 155 Delancey St. in the Lower East Side has recently undergone a refinancing transaction. The property, spanning 368,420 square feet, was the subject of the deal.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $285,000,000
- Date: 06/07/2022
- Market: Lower East Side
- Lender: Deutsche Bank
- Landlord: Taconic Partners, L+M Partners, Goldman Sachs, and BFC Partners
- Brokers: Evan Pariser, Scott Aiese, Jackie Ferrer, and Joy Dracos - JLL
The financing was provided by Deutsche Bank. The property is owned by Taconic Partners, L+M Partners, Goldman Sachs, and BFC Partners. The deal was facilitated by brokers Evan Pariser, Scott Aiese, Jackie Ferrer, and Joy Dracos from JLL.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93