Washington Capital Management Refinances Office In Flatiron District For $24M
FINANCED
$24,000,000
New York
See Similar DealsOffice37 SF
Financed 12/20/2022
FINANCED
Washington Capital Management Refinances Office In Flatiron District For $24M
155 5th Avenue, New York City, New York 10010, United States
See Similar DealsOffice37 SF
Financed 12/20/2022
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$648,648
Total Square Footage:37 SF
Transaction Type:Loan
The property involved in this closed transaction is an office located at 155 Fifth Avenue in the Flatiron District. The asset has a total square footage of 37,288 and is valued at approximately $48,250 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,000,000
- Address: 155 Fifth Avenue
- Market: Flatiron District
- Lender: Washington Capital Management - Cory Carlson
- Landlord: Abraham Talassazan
In this refinance transaction, the loan amount provided was $24,000,000. The lender for this deal is Washington Capital Management, represented by Cory Carlson. The landlord involved in the transaction is Abraham Talassazan.
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$24,000,000.00
Monthly NOI$160,000.00
Monthly Debt Service$151,696.33
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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