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145 Delancey Street, New Yo...

Deutsche Bank Provides $285M Refinance Loan For Lower East Side Office Property
FINANCEDOffice

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

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

Evan Pariser

JLL

Broker

$2.2B

vol

14 deals

Broker
Goldman Sachs
Goldman SachsLender
Goldman Sachs
Goldman SachsLandlord
BFC PARTNERS
BFC PARTNERSLandlord

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