TD Bank Provides $11.5M Loan For Office Property At 177 Franklin Street, Tribeca
177 Franklin St, New York, NY 10013, USA
$11,500,000
$950/SF
Building Size
12,100 SF
Asset Type
Office
Closing
Mar 19, 2020
About this deal
AI
The office property located at 177 Franklin Street in Tribeca was involved in a closed transaction on March 20, 2020. The property spans a total area of 12,100 square feet and was financed by TD Bank with a loan amount of $11,500,000. The landlord in this deal is Terrence Oved.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,500,000
- Address: 177 Franklin Street
- Market: Tribeca
- Square Footage: 12,100
- Lender: TD Bank
- Landlord: Terrence Oved
In this deal, TD Bank provided the financing for the office property at 177 Franklin Street. The landlord, Terrence Oved, played a key role in the transaction as well.
Players
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Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93