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17 John St, New York, NY, 1...

Shorewood Real Estate Group Secures $66 Million Loan In New York
FINANCEDOffice

Shorewood Real Estate Group Secures $66 Million Loan In New York

17 John St, New York, NY, 10038

$66,000,000

Building Size

Asset Type

Office

Closing

Sep 15, 2016

AI

The property asset involved in this transaction is located at 17 John St, New York, NY, 10038. It is categorized as an office space. The total loan amount associated with this property is $66,000,000.00 within the New York market.

Summary of transaction details:

Key individuals involved in this transaction include Max Herzog, who represents the borrower, Shorewood Real Estate Group, while the lender for this deal is Acore Capital. The transaction was executed on September 15, 2016, marking a significant deal within the New York office market.

Players

Max Herzog

Institutional Property Advisors

Broker

$5.4B

vol

80 deals

Broker
Acore Capital
Acore CapitalLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93