JPMorgan Chase Bank Provides $106.4M Loan For Office Building At 180 Madison Avenue
180 Madison Ave, New York, NY 10016, Estados Unidos
$106,430,000
$45/SF
Building Size
2,355,600 SF
Asset Type
Office
Closing
Oct 25, 2020
About this deal
AI
Located at 180 Madison Avenue in the NoMad neighborhood, this office property recently underwent a closed transaction. The property, with a total area of 235,560 square feet, falls under the C5-2 zoning category. The deal involved a loan from JPMorgan Chase Bank and the landlord was identified as PGIM.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $106,430,000
- SF: 235,560
The loan amount for this deal was $106,430,000, securing the purchase of the office property on Madison Avenue. JPMorgan Chase Bank acted as the lender in this transaction. PGIM, serving as the landlord, facilitated the deal. This closed transaction showcases the active real estate market in the NoMad neighborhood.
Players
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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93