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.
On the Map
$17,500,000
$2,633/SF
Office
View full map
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Dylan Kane to view all their deals.
Browse New York office loans on Traded.
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