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
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93