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18 W 18th St, New York, NY,...

M&T Bank Lends $37M For Office Property At 18 W 18th St, NYC
FINANCEDOffice

M&T Bank Lends $37M For Office Property At 18 W 18th St, NYC

18 W 18th St, New York, NY, 10011

$37,000,000

Building Size

Asset Type

Office

Closing

Aug 3, 2016

AI

The office property located at 18 W 18th St, New York, NY, 10011, in the New York market, has secured a loan amounting to $37,000,000.00. The loan was facilitated by M&T Bank, with their Vice President representing them in the deal.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $37,000,000.00
  • Address: 18 W 18th St, New York, NY, 10011
  • Market: New York
  • Lender: M&T Bank
  • Lender's Representative: Vice President (M&T Bank)

The Vice President of M&T Bank played a crucial role in finalizing the loan for the office property at 18 W 18th St, New York. The deal showcases the commitment of both the lender and the borrower in a significant financial transaction within the New York real estate market.

Players

Lucian Cohen

M&T Bank

Broker

$37M

vol

1 deal

Broker
M&T Bank
M&T BankLender

New York Office Market Snapshot

Boundary boundary · Office · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.43%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93