First Republic Bank Provides $58M Refinance Loan For Office Building In Midtown West, Manhattan
1790 Broadway, New York City, New York 10019, United States
$58,000,000
$281/SF
Building Size
206,334 SF
Asset Type
Office
Closing
Aug 17, 2022
About this deal
AI
The property involved in this closed transaction is an office located at 1790 Broadway in Midtown West, Manhattan. The property spans 206,334 square feet and is owned by Lonian Management, represented by Sofia S. Nylons.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $58,000,000
- Market: Midtown West, Manhattan
- Lender: First Republic Bank
- Landlord: Lonian Management - Sofia S. Nylons
- Loan Type: Refinance
The loan for this transaction was provided by First Republic Bank. The landlord, Lonian Management, was represented by Sofia S. Nylons. The loan amount for the refinance was $58,000,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93