APF Properties Refinances 183 Madison Avenue Office Building In Manhattan For $177.4 Million
183 Madison Avenue
$177,400,000
Building Size
—
Asset Type
Office
Closing
Jan 8, 2025
About this deal
AI
The asset involved is an office building located at 183 Madison Avenue in the Park Avenue South market of Manhattan. It was refinanced with a loan amount of $177.4 million, part of a transaction completed on January 8, 2025.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $177,400,000
- Lender: Mark Finerman - LoanCore Capital
- Landlord: Berndt Perl & Kenneth Aschendorf - APF Properties
- Loan Type: Refinance
Mark Finerman represented LoanCore Capital in this refinancing transaction, while Berndt Perl and Kenneth Aschendorf represented APF Properties, the landlord of the office building.
On the Map
$177,400,000
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93