Rockwood Capital Refinances 629323 SF Office Building At 147 East 44th Street With MetLife Loan
147 East 44th Street
$262,600,000
$417/SF
Building Size
629,323 SF
Asset Type
Office
Closing
Jul 24, 2025
About this deal
AI
The property asset involved in the transaction is an office building located at 147 East 44th Street in the Grand Central area of Manhattan. The asset encompasses a total square footage of 629,323. The transaction was facilitated through a refinance loan amounting to $262,600,000 from MetLife.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $262,600,000
- Address: 147 East 44th Street
- Market: Grand Central, Manhattan
- Lender: MetLife
- Landlord: David I. Becker - Rockwood Capital
- Loan Type: Refinance
The refinancing of the office building was executed by Rockwood Capital, replacing prior debt of $260,000,000 with the new loan from MetLife. David I. Becker represented Rockwood Capital in this transaction.
On the Map
$262,600,000
$417/SF
Office
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Players
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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