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147 West 35th Street, Manha...

Updated Oct 29, 2024

Bilt advertisement
Signature Bank Provides $17.5M Loan For Midtown West Office Building
FINANCEDOffice

Signature Bank Provides $17.5M Loan For Midtown West Office Building

147 West 35th Street, Manhattan, New York, NY, USA

$17,500,000

$2,633/SF

Building Size

6,646 SF

Asset Type

Office

Closing

Apr 20, 2021

About this deal

AI

A $17,500,000 loan has been secured for an office property located at 147 West 35th Street in Midtown West. The loan was provided by Signature Bank.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $17,500,000
  • Address: 147 West 35th Street
  • Market: Midtown West
  • Lender: Signature Bank

The landlord of the property is Falcon Properties, owned by Elias and Florencia Masri. The deal was facilitated by brokers Dylan Kane, Zach Redding, and Drew Ahlers from B6RealEstate.

The office loan at 147 West 35th Street, Manhattan, New York, NY, USA in New York, New York financed for $17.5M in 2021. The building is 6,646 square feet, implying about 2.6K per square foot on the published price. Dylan Kane, Drew Ahlers, Zach Redding, Colliers appear on the loan alongside Colliers, B6 Real Estate Advisors. This page is the New York, New York file for the 147 West 35th Street, Manhattan, New York, NY, USA office financed: pricing, party profiles, and other closed office comps from the same New York sit in the Market section below. Filter that New York office set by closing date to see what else financed near 147 West 35th Street, Manhattan, New York, NY, USA around 2021. Published consideration for 147 West 35th Street, Manhattan, New York, NY, USA is $17.5M, dated 2021. Cite this Signature Bank Provides $17.5M Loan For Midtown West Office Building loan when underwriting similar office product around New York, New York.

Players

Drew Ahlers

Eastdil Secured

Broker

$8.1B

vol

16 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage
Signature Bank
Signature BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Deal FAQ

About $2.6K per square foot on a published $17.5M for 6,646 square feet (2021).

Visit Dylan Kane to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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