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145 East 32nd Street, New Y...

Updated Jun 5, 2025

JPMorgan Chase Bank Provides $37M Loan For Office Building In Kips Bay
FINANCEDOffice

JPMorgan Chase Bank Provides $37M Loan For Office Building In Kips Bay

145 East 32nd Street, New York, NY 10016

$37,000,000

$365/SF

Building Size

101,283 SF

Asset Type

Office

Closing

Jul 22, 2020

About this deal

AI

The office property located at 145 East 32nd Street in Kips Bay has been involved in a recent transaction. The property spans across 101,283 square feet and is owned by [@MeyerEquities]. The deal included a loan provided by JPMorgan Chase Bank in the amount of $37,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $37,000,000
  • Address: 145 East 32nd Street
  • Market: Kips Bay
  • Square Footage: 101,283
  • Lender: JPMorgan Chase Bank
  • Landlord: @MeyerEquities

This transaction involved the collaboration of JPMorgan Chase Bank as the lender and [@MeyerEquities] as the landlord. With a loan amount of $37,000,000, this deal has cemented the property's financial viability and potential for future growth.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $365 per square foot on a published $37M for 101,283 square feet (2020).

Browse New York office loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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