facebook
Traded Co logo
Submit

Goldman Sachs, Deutsche Bank, JPMorgan, Wells Fargo Lend $1.25B For Office Property At 1633 Broadway In Midtown

Property Image
FINANCED
$1,250,000,000

New York

See Similar Deals
Office25,600,000 SF
Financed 11/25/2019
the dealplayerscompscontact
Property Image
FINANCED

Goldman Sachs, Deutsche Bank, JPMorgan, Wells Fargo Lend $1.25B For Office Property At 1633 Broadway In Midtown

Paramount Plaza, 1633 Broadway, New York, NY 10019, USA

See Similar Deals
Office25,600,000 SF
Financed 11/25/2019
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:25,600,000 SF
Transaction Type:Loan

The property at 1633 Broadway in Midtown, New York was involved in a closed transaction. The office asset spans a total area of 2,560,000 square feet. The deal was facilitated by Eastdil Secured brokers Grant Frankel, Philip McKnight, and Ethan Pond. The lenders involved in the transaction were Goldman Sachs, Deutsche Bank, JPMorgan, and Wells Fargo. The landlord of the property is Paramount Group. The transaction amount for the deal was $1,250,000,000.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,250,000,000
  • Address: 1633 Broadway
  • Market: Midtown
  • Square Footage: 2,560,000
  • Lenders: Goldman Sachs, Deutsche Bank, JPMorgan, Wells Fargo
  • Landlord: Paramount Group
  • Brokers: Grant Frankel, Philip McKnight, Ethan Pond (Eastdil Secured)

The notable individuals involved in the deal include David Solomon, Christian Sewing, Charles Scharf, Jamie Dimon, Grant Frankel, Philip McKnight, and Ethan Pond.

Players

Ethan Pond
28 deals$13.3B volume
BROKER

Grant Frankel
Eastdil Secured
36 deals$15.7B volume
BROKER

Philip Mcknight
Eastdil Secured
3 deals$2.1B volume
BROKER

Paramount Group
LENDER




Details

FINANCED
IMAGE: David Solomon, Christian Sewing, Charles Scharf, Jamie Dimon, Grant Frankel, Philip McKnight, Ethan Pond DATE: 11/25/2019 ADDRESS: 1633 Broadway MARKET: Midtown ASSET TYPE: Office LENDERS: Goldman Sachs, Deutsche Bank, JPMorgan, Wells Fargo LANDLORD: Paramount Group BROKERS: Eastdil Secured – Grant Frankel, Philip McKnight, Ethan Pond AMOUNT: $1,250,000,000 SF: 2,560,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$1,250,000,000.00

Monthly NOI$8,333,333.33
Monthly Debt Service$7,900,850.29
Change in Cash Flow$0.00
Refinance Proceeds$0.00