Washington Capital Management Refinances Office In Flatiron District For $24M
155 5th Avenue, New York City, New York 10010, United States
$24,000,000
$648,648/SF
Building Size
37 SF
Asset Type
Office
Closing
Dec 20, 2022
About this deal
AI
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.
Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93